Jefferies Upgrades Ford (F) to Buy

Jefferies upgraded Ford (NYSE: F) from Hold to Buy with a price target of $14.00 (from $13.00).

Analyst Philippe Houchols believes the company is early among global OEMs when it comes to re-evaluating how capital is allocated. The analyst says the company is receiving no credit for ambitious but credible cost targets and for multiple operating/strategic levers that remain available to improve market/product exposure.

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 $11.51 yesterday.

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