Barclays Upgrades Both Ford And General Motors To Overweight But Prefers GM Over Ford
Portfolio Pulse from Shivani Kumaresan
Barclays analyst Dan Levy has upgraded the rating on Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) from Equal-Weight to Overweight with a price target of $14 and $37, respectively. The analyst notes that despite structural concerns, a modest reversal of negative sentiment could drive an attractive upside. The analyst prefers GM over Ford, noting that sentiment on GM is considerably worse, which should offer an easier reversion.
November 01, 2023 | 6:38 pm
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POSITIVE IMPACT
Ford has been upgraded to Overweight by Barclays with a price target of $14. The recent upgrade of Ford Motor and FMCC debt to Investment Grade could be a positive near-term catalyst.
The upgrade from Barclays, a major financial institution, is a positive signal for Ford. The price target of $14 indicates a potential upside. The recent upgrade of Ford Motor and FMCC debt to Investment Grade could also act as a positive catalyst for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
General Motors has been upgraded to Overweight by Barclays with a price target of $37. The analyst prefers GM over Ford, noting that sentiment on GM is considerably worse, which should offer an easier reversion.
The upgrade from Barclays, a major financial institution, is a positive signal for GM. The price target of $37 indicates a potential upside. The analyst's preference for GM over Ford suggests that there could be an easier reversion for GM, which could drive the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90