Ford (F) PT Raised to $18 at Citi

Citi analyst Itay Michaeli raised the price target on Ford (NYSE: F) to $18.00 (from $16.00) while maintaining a Buy rating.

The analyst comments "We hosted investor meetings with Ford senior management, including John Lawler, CFO, Dave Webb, Treasurer, Jason Alt, Executive Director, FP&A, Lynn Tyson, Executive Director, IR and Liz Kellogg, IR. We walked away with continued conviction in our Buy-thesis. We’re also updating our model for last week’s Q1 results—raising estimates & price target (to $18 from $16)."

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