Ford Motor shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target to $13.
Portfolio Pulse from Benzinga Newsdesk
Ford Motor shares rose following an upgrade by Goldman Sachs from Neutral to Buy, with a new price target of $13.
October 01, 2024 | 1:23 pm
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Goldman Sachs upgraded Ford Motor from Neutral to Buy, increasing the price target to $13, leading to a rise in Ford's stock price.
The upgrade from a major financial institution like Goldman Sachs typically boosts investor confidence, leading to a positive impact on the stock price. The raised price target to $13 suggests potential upside, further encouraging buying activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100