Ford Motor (F): No Pain No Gain - UBS

September 15, 2016 9:11 AM EDT
Get Alerts F Hot Sheet
Price: $12.02 +0.42%

Rating Summary:
    8 Buy, 12 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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UBS analyst, Colin Langan, reiterated his Buy rating on shares of Ford (NYSE: F) after the stock traded down 2% following its investor day after the company announced it is taking a forward-looking approach (focusing on electrification, autonomous, mobility, and data analytics), at the expense of near-term profits as it absorbs these costs.

Based on its presentation slides, Ford is still targeting pre-tax profit of about $10.2bn in 2016 ($11.5 Core, -$1.3 EV/Emerging), $9.3bn in 2017 ($11.7 Core, -$2.4 EV/Emerging), and $10.8bn in 2018 ($13.1 Core, -$2.3 EV/Emerging). The analyst believes that the near-term outlook may be disappointing but Ford is making needed investments to be competitive.

No change to the price target of $16.

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 $12.14 yesterday.

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