Analyst Philippe Houchois upgraded shares to buy from hold in a Tuesday note. He also raised his price target to $16 from $13.
Ford Motor could be in for big gains ahead, according to Jefferies. Analyst Philippe Houchois upgraded shares to buy from hold in a Tuesday note. He also raised his price target to $16 from $13, implying 32% upside from the prior close. The firm said Ford's recent investor event raised its confidence that the automaker has a solid plan and management that will help it close a gap with its rivals.
" "Ford has put together a coherent team mixing internal and senior talent from outside the auto industry including CEO Jim Farley's open mind towards new business models and inspiration from Tesla when applicable," he added. Houchois thinks the company's roadmap to improvement across three of its divisions — Ford Blue, Model e and Ford Pro — is helping the company do more with less.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Provinces, territories agree to help feds in '30 by 30' goal to halt land, water lossFederal Environment Minister Steven Guilbeault met with his counterparts in Ottawa last week and said they’re all on the same page about the biodiversity strategy to protect 30 per cent of Canadian land and water by 2030.
Read more »
How to clean your dishwasher: Tips to keep it freshClean every 30 days or 30 cycles
Read more »
Ford upped to buy at Jefferies following investor eventFord Motor Co. was upped to buy from hold and its price target lifted to $16 from $13 at Jefferies, following the automaker’s investor event last week....
Read more »
Kimberley Dream becomes 12th horse euthanized at Churchill Downs since March 30Kimberley Dream became the 12h horse -- and second in 24 hours -- to be euthanized at Churchill Downs.
Read more »
The Nearly 30-Year-Old Planet Hollywood Restaurant on the Las Vegas Strip Is ClosingAfter nearly 30 years on the Las Vegas Strip, the Planet Hollywood Restaurant and Bar inside the Forum Shops at Caesars Palace has closed, according to the Las Vegas Review-Journal. (via EaterVegas)
Read more »