- The shares of Ford Motor Company (NYSE: F) have received a $17 price target by Tudor, Pickering, Holt & Co. These are the details.
The shares of Ford Motor Company (NYSE: F) have received a $17 price target by Tudor, Pickering, Holt & Co. And Tudor Pickering analyst Jeoffrey Lambujon initiated coverage of Ford Motor Company with a “Buy” rating.
“As evidenced by significant improvements to EBIT margins in Q1’21, the global redesign initiatives that were announced in 2017 have been working. While this year will be negatively impacted by both commodity headwinds and the global semiconductor shortage, we are above consensus on FY’22,” said Lambujon in a research note via Street Insider. “Our model, as well as Street consensus, continues to bake in conservatism for adjusted EBIT margins, so any additional color the company may be able to provide in reaching long-term targets may be taken constructively by shareholders.”
Tudor is not the only brokerage to recently raise the price target on Ford Motor Company. JPMorgan analyst Ryan Brinkman increased the price target on Ford from $15 to $16 and maintained an “Overweight” rating on the company shares.
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