Citigroup cuts automakers to Sell Rating

Citigroup lowered its ratings on General Motors to sell from a hold. The brokerage firm cut Ford's target price to $2.50 from $5.50 and GM's to $6 from $12. Looks like things could be getting worse. I feel bad for all the GM employees that bought stock last week at its then 52 week low, looks the the fire sale will continue.