Ford: Jefferies upgrades stock

(CercleFinance.com) - Jefferies has upgraded Ford shares from "hold" to "buy", raising its target price for them from $13 to $16, citing an investor event held last week at the car manufacturer in Dearborn (Michigan).


The broker said that the meeting reinforced its confidence that Ford finally has the plan and management team in place to close an execution gap that has dogged the stock for years.

"The gap between Ford's ambitions (10% margin by 2026) & a consensus stuck below 6% is attractive and we expect sequential improvements across divisions", it continued.


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