The initiation of coverage by Piper Sandler with a Neutral rating and a price target of $13 suggests a balanced view on Ford Motor's stock. This rating indicates that the analyst sees the stock performing in line with the market or sector, without significant upside or downside. The price target provides a reference point for investors but does not imply a strong conviction for a price movement. Therefore, the short-term impact on the stock price is likely to be neutral, as the market absorbs this new analysis.