UBS Reiterates Buy on Ford Motor (F) Ahead of Investor Day

September 12, 2016 7:38 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 reiterated a Buy rating and $16.00 price target on Ford Motor (NYSE: F) ahead of the company's investor day. Consensus EPS estimates for 2017 are already at $1.86, below implied 2016 guidance. There are several positive drivers in 2017 including lower launch costs and modest global growth.

Analyst Colin Langan commented, "After the Q2 miss & guidance warning, investor expectations heading into the Investor Day are low. Ford is the most cautious automaker on US sales (sees slowing retail) and pricing. Low investor expectations were evidenced by the limited reaction to the recent recall-related guidance cut. With expectations low, we think about flat y/y 2017 pretax guidance is enough to please investors. We also expect good news around FCF (improves in '17 post pension funding) & optimism around F's Smart Mobility strategy."

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 $12.38 yesterday.

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