RBC Capital Reiterates Sector Perform on Ford Motor, Maintains $12 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan has reiterated a 'Sector Perform' rating on Ford Motor (NYSE:F) and maintained a $12 price target.
February 07, 2024 | 5:12 pm
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Ford Motor's stock rating was reiterated as 'Sector Perform' by RBC Capital with a maintained price target of $12.
The reiteration of the 'Sector Perform' rating and maintenance of the $12 price target by RBC Capital suggests a neutral outlook on Ford Motor's stock in the short term. This indicates that the analyst believes the stock is fairly valued at its current level, neither significantly undervalued nor overvalued. Therefore, the impact on the stock price is likely to be neutral in the short term, as the market has likely already priced in the analyst's expectations.
CONFIDENCE 95
IMPORTANCE 70
RELEVANCE 90