Ford Motor Company (F) Stock: Why The Price Jumped Up Over 9% Today

By Amit Chowdhry ● May 13, 2022
  • 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).”

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.