Ford Shares Surge As Analyst Shifts To Buy: Why They Say Automaker's Roadmap 'Credible'
Portfolio Pulse from Adam Eckert
Ford Motor Co (NYSE:F) shares are trading higher after Jefferies analyst Philippe Houchois upgraded the stock from Hold to Buy and raised the price target from $13 to $16. The upgrade follows Ford's investor event last week, with Houchois expressing increased confidence in the company's ability to execute and improve margins.
May 30, 2023 | 2:51 pm
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Jefferies analyst Philippe Houchois upgraded Ford from Hold to Buy and raised the price target from $13 to $16, expressing increased confidence in the company's ability to execute and improve margins.
The upgrade from Jefferies is based on increased confidence in Ford's ability to execute and improve margins, following the company's investor event. The analyst believes that the gap between Ford's ambitions (10% margin by 2026) and consensus estimates (below 6%) is attractive, and expects sequential improvements across divisions. This positive outlook is likely to have a short-term positive impact on Ford's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100