Ford (F) Higher on New 'Top Pick' Call

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Shares of Ford (NYSE: F) are stronger in early action Tuesday after Morgan Stanley named the stock as a Top Pick.

The firm said the company is leveraged to the U.S. housing recovery, European restructuring and has no earnings exposure to China.

The firm reiterated its Overweight rating and raised its price target from $16 to $17.

For an analyst ratings summary and ratings history on Ford click here. For more ratings news on Ford click here.

Shares of Ford closed at $10.05 yesterday, with a 52 week range of $8.82-$13.05.

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