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Investing.com -- Citi upgraded Ford Motor to Buy from Neutral and raised its price target to $20 from $19, saying improving F-Series pickup production, easing warranty costs and better aluminum supply are driving a positive shift in the automaker's earnings outlook.
Ford and GM Stocks Rise After Jefferies Boosts Ratings and Price Targets
Ford target goes to $17.50 and GM to $99 on easing legacy costs
Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) have both been upgraded to ‘Buy’ by Jefferies analysts, who pointed to improving earnings prospects, stronger free cash flow generation and progress on several operational challenges. For Ford, Jefferies upgraded the stock ahead...
Jefferies upgraded Ford and General Motors as they moved past last year's electric vehicle losses. Ford stock rose about 1%, while General Motors advanced around 2.5%.
Chrysler-parent Stellantis however, got a cut. Over the weekend, Jefferies analyst Philippe Houchois upgraded shares of Ford and GM to Buy from Hold. Ford stock was up 2.4% at $14.72 in morning trading Monday.
Tesla posted record deliveries and a massive revenue beat, yet watched $71 billion in market cap vanish overnight. What analysts are telling clients now about the road ahead reveals a striking split between the headline numbers and the real story inside the quarter.
The automaker's second guidance raise of the year didn't come from where most investors would expect.
With an upside potential of 28.02% as of May 3, General Motors Company (NYSE:GM) is included among the 10 Best Fortune 500 Stocks to Buy According to Analysts. General Motors Company (NYSE:GM) designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide. On April 29, TD Cowen bumped up its target on General Motors Company […]
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