Goldman Sachs Upgrades Ford (F) to Buy
Goldman Sachs analyst David Tamberrino upgraded Ford (NYSE: F) from Neutral to Buy with a price target of $12.00 (from $9.00).
The analyst is incrementally more positive as the company is offering investors a product/self-help story coupled with an attractive dividend yield. He believes the dividend remains manageable and suspects management can achieve earnings stability above normalized EPS by 2021.
Shares of Ford closed at $8.98 yesterday.