UPDATE: Morgan Stanley Upgrades Ford (F) to Equalweight, PT $13, Cites Valaution Following Selloff

May 13, 2022 7:41 AM EDT
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Price: $12.01 +3.89%

Rating Summary:
    11 Buy, 19 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 12 | New: 20
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(Updated - May 13, 2022 7:42 AM EDT)

Morgan Stanley analyst Adam Jonas upgraded Ford (NYSE: F) from Underweight to Equalweight with a price target of $13.00.

The analyst comments "New management team and execution plan coming into shape. Strategic Actions (VW Partnership, Deconsolidation of Mobility, Brazil exit, emerging EV plan). Playing some 'catch up' on EVs vs. many global peers â–ªIncreased value of ICE franchise as end markets may be under-estimated by the market. Stock valuation pricing in the benefits of EVs but ignoring the costs and ICE losses "

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 $12.44 yesterday.

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