- The shares of Ford Motor Company (F) recently received a $23 price target from Benchmark. These are the details.
The shares of Ford Motor Company (F) recently received a $23 price target from Benchmark. And Benchmark analyst Michael Ward is maintaining a “Buy” rating on the shares.
Ward adjusted the rating after following the company’s second quarter report. And Ward noted that he has increased the 2022 estimates to reflect the better-than-expected earnings performance, but lowered the 2023 estimates due to reduced assumptions at Ford Credit.
Plus the need to replenish inventory levels along with improving cost positions, competitive products, balance sheets, and demand have positioned the auto sector to outperform the global economy over the next one to two years.