Ford Hits Speed Bump, But Is It Temporary? Analysts Differ
Portfolio Pulse from Priya Nigam
Ford Motor Co's shares dropped after reporting Q3 results. Analysts have mixed views: Bank of Securities maintains a Buy rating but lowers the price target, while RBC Capital Markets reiterates a Perform rating. Ford's guidance for 2024 EBIT was reduced, with challenges in Ford Blue and Ford Pro segments.
October 29, 2024 | 5:49 pm
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Ford's shares fell 8.22% after Q3 results. Analysts have mixed ratings: Bank of Securities lowered the price target to $19, while RBC Capital Markets maintained a $10 target. Ford reduced its 2024 EBIT guidance, citing challenges in Ford Blue and Ford Pro.
Ford's stock price is likely to decline in the short term due to disappointing Q3 results and reduced 2024 EBIT guidance. Analysts have mixed views, with some lowering price targets, indicating potential investor uncertainty.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100