- The stock price of Ford Motor Company (NYSE: F) increased by over 9% during intraday trading today. This is why.
The stock price of Ford Motor Company (NYSE: F) increased by over 9% during intraday trading today. Investors are responding positively to a bullish research report.
Morgan Stanley analyst Adam Jonas upgraded Ford to an “Equal-Weight” rating from an “Underweight” rating. And Jonas assigned the company a $13 price target.
“We believe the ‘run-off‘ value of Ford’s authentic/emotional ICE vehicles and fleet-oriented commercial end markets may be under-estimated by the market,” wrote Jonas in a research note.
Jonas has confidence in CEO Jim Farley’s vision of addressing “upstream challenges (battery materials sourcing), downstream model (re-casting ‘op-in’ EV dealer franchises), and structural measures (EV/ICE re-org).”
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