UPDATE: Wolfe Research Upgrades Ford (F) to Outperform

April 22, 2021 5:21 AM EDT
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Price: $11.85 +0.25%

Rating Summary:
    11 Buy, 15 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 16 | New: 44
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(Updated - April 22, 2021 5:29 AM EDT)

Wolfe Research analyst Rod A. Lache upgraded Ford (NYSE: F) from Peerperform to Outperform with a price target of $15.00 (from $13.00).

The analyst comments "We see a very clear path for further improvement in 2022 and beyond. Ford will largely exit manufacturing in South America by the end of this year ($500 MM loss in 2020). We also expect Ford to largely eliminate losses in Europe ($800 MM loss in 2020). And we expect significant improvement in China (lost $500 MM in 2020). Warranty is also starting to turn around, after subtracting $2 bn from Ford’s annual profitability."

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 $11.79 yesterday.

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