Deutsche Bank Maintains a 'Buy' on Ford (F); Cutting Estimates and PT
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Price: $14.37 +3.46%
Rating Summary:
12 Buy, 23 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 23 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank maintains a 'Buy' on Ford (NYSE: F) price target of $13.00 (from $16.00).
Deutsche analyst said, "The strength in Ford’s North America/Ford Credit earnings remains a meaningful positive, as we believe that EPS from these segments add up to $1.55, and free cash flow from these segments add up to $5.1 bn. There is some expectation that Ford’s International performance will improve in 2H vs. 1H, as the company benefits from a large number of new products. Nonetheless, our full year estimate is revised to $1.30 from $1.50 (including $1.55 of profit from NA/Ford Credit, and a $0.25 drag from International). We’re adjusting FY2013 to $1.40 from $1.60."
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 $10.09 yesterday.
Deutsche analyst said, "The strength in Ford’s North America/Ford Credit earnings remains a meaningful positive, as we believe that EPS from these segments add up to $1.55, and free cash flow from these segments add up to $5.1 bn. There is some expectation that Ford’s International performance will improve in 2H vs. 1H, as the company benefits from a large number of new products. Nonetheless, our full year estimate is revised to $1.30 from $1.50 (including $1.55 of profit from NA/Ford Credit, and a $0.25 drag from International). We’re adjusting FY2013 to $1.40 from $1.60."
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 $10.09 yesterday.
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