Ford: Credit Suisse starts with 'outperform'
(CercleFinance.com) - On Thursday Credit Suisse started its coverage of Ford with an "outperform" rating and a target price of 13 dollars, seeing upside potential in the stock.
As the US carmaker redesigns its business to address profitability, the task will not be easy, although the broker says it sees "solid recovery" ahead.
"With Ford starting to show signs of progress from its redesign initiatives, we believe the EBIT trajectory is quite positive, and we see upside to consensus," it wrote in a note.
Ford shares are currently up 2.7% at 10.2 dollars.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
As the US carmaker redesigns its business to address profitability, the task will not be easy, although the broker says it sees "solid recovery" ahead.
"With Ford starting to show signs of progress from its redesign initiatives, we believe the EBIT trajectory is quite positive, and we see upside to consensus," it wrote in a note.
Ford shares are currently up 2.7% at 10.2 dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.