Citigroup Upgrades Ford Motor to Buy, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli upgrades Ford Motor (NYSE:F) from Neutral to Buy and raises the price target from $12.8 to $16.
June 05, 2023 | 1:09 pm
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Ford Motor (NYSE:F) has been upgraded from Neutral to Buy by Citigroup, with a raised price target of $16.
Citigroup's upgrade of Ford Motor to Buy and the raised price target of $16 indicate a positive outlook for the company's stock. This news is likely to have a positive short-term impact on Ford's stock price as investors may see this as a sign of confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100