Ford (F) Shares Outperforming as Analyst Upgrades to Strong Buy
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Shares of Ford Motor (NYSE: F) are outperforming the major averages this morning amid an upgrade from a boutique firm, Buckingham Research. UPDATE: Although shares of Ford initially traded down less than the major averages, the stock has continued trading lower since we published this report. As the Dow and S&P have continued moving higher since today's open, shares of Ford are now underperforming broader stocks, currently down 1% to $7.55.
Buckingham moved its investment rating on Ford from Accumulate to Strong Buy, also maintaining its $12 price target.
The firm's price target represents potential upside of about 58% from current levels.
To see all the market-moving upgrades/downgrades on shares of Ford, visit our Analyst Ratings page.
Ford Motor Company designs, develops, manufactures, and services cars and trucks worldwide.
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Ford Motor
I am optimist on Ford Morors. I am sure after all this crises their management will come up with something rewording for theircompany and as well as for their nationalistic patrons in the US. The major accomplishment of Ford must focus on: small in size, reliable- which never been in the past, and fuel efficient and competetive hybrid or batery operated car. However as for the Chinese and latin American markets give them the biggy, they like it that way; afterall, they can afford it, because they are going to be the next economic power. In fact they are already in there. Thanks to the unsatiable greed of corporate America we are on the verge of losing our global economic leadership. It is enviable huh! Too bad.
ford stock
the target of $12 a share by years end is something to look forward to. i only have 4 shares i bought at $6 a share a few months ago. at least your a substantial co to rely on. keep up the good work
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Rapture
The Young Generation on Aug 28, 2009 11:43 AMWait until the Ford Rapture comes out; you want to see the stock price hit the roof?