Ford Motor Co. F 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. “After too many years of management instability post Mulally (2006-14), 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,” said analysts led by Philippe Houchois. Ford shares this year have gained 4%, underperforming the 10% advance for the S&P 500.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Read Full Story
Latest posts by Market Watch (see all)
- : Government shutdown: Video reportedly shows Rep. Jamaal Bowman pulling fire alarm as House scrambles to vote on spending bill - September 30, 2023
- How El Niño will impact this winter: warmer north, wetter Florida, good skiing - September 30, 2023
- Apple will fix app and software problems blamed for making iPhone 15 run too hot - September 30, 2023
