Ford (F) Capital Markets Day Yields 5 Takeaways - Credit Suisse

Credit Suisse analyst Dan Levy reiterated a Neutral rating and $13.00 price target on Ford (NYSE: F) after attending the company's Capital Markets Day, the first such event since 2017. Key takeaways include:
1) Farley has Ford on the right track, but it will take time to effect change
2) ‘Two Clocks’ critical to Ford success, growth spend could further accelerate
3) Much sharper EV focus
4) CV and connected services growth show unique opportunity, but may be a show-me story
5) Impressive margin amid elevated spend, but question on sustainability

The analyst stated "in the brief period that Jim Farley has been at the helm at Ford, we and others on the Street have developed greater confidence in the long term direction of Ford. We have increased confidence in the financial outlook, Ford’s ability to transition to an EV world, and the opportunity for new revenue streams ahead."

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 $13.90 yesterday.

You May Also Be Interested In

• Ottawa weighs proposal on auto tariffs as it presses U.S. for reprieve - Globe and Mail
• Adyen NV (ADYEN:NA) (ADYYF) PT Raised to EUR1,230 at KeyBanc
• Tapestry Inc. (TPR) PT Raised to $185 at Bernstein SocGen Group