UPDATE: Berenberg Starts Ford (F) at Hold

May 10, 2022 3:33 AM EDT
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Price: $11.13 --0%

Rating Summary:
    11 Buy, 19 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 10 | New: 10
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(Updated - May 10, 2022 6:45 AM EDT)

Berenberg analyst Adrian Yanoshik initiates coverage on Ford (NYSE: F) with a Hold rating and a price target of $17.00.

The analyst comments "We think that Ford will soon offer the clearest electrification pathway in our coverage. From 2023, the company will disclose a separate P&L for its EV business, Model e, and we expect the expansion of Ford’s EV business to continue to gain momentum, even though the segment will likely dilute group margins relative to its legacy ICE business (Ford Blue). In our view, the Model e contribution may prove to be the key to Ford achieving its 10% EBIT margin target by 2026, with momentum essential for the stock’s narrative and rerating. Despite the company’s long-term potential, we expect increased cost pressure to weigh on the stock, with additional risks in its Europe and China businesses. Hold."

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 $13.37 yesterday.

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