Ford (F) PT Raised to $14 at Jefferies; Remains Buyers on 'Classic Turnaround'

Jefferies analyst Philippe Houchois raised the price target on Ford (NYSE: F) to $14.00 (from $13.00) while maintaining a Buy rating.

The analyst commented, "We remain buyers of Ford's mix of "classic turnaround" (cost restructuring, new product and new management) to which we would add faster than expected stabilization of balance sheet and the long overdue formulation of an EV strategy. We trim adj EBIT on semi-conductor shortage but raise our PT to $14."

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