Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
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Ford (F) downgraded to Hold at Jefferies on worse EV losses and 'strategic wobble'
July 31, 2023 8:56 AM EDTJefferies downgraded Ford Motors to a Hold rating (From Buy) and cut their 12-month price target on the stock to $15.00 (From $17.00) after the Detroit automaker reported worse than expected EV losses and lowered Model e guidance.
Analyst Philippe Houchois wrote in a note, We appreciate efforts in disclosure and accountability... More
Ford (F) recalls 870K F-150s as parking break may unexpectedly activate while driving
July 28, 2023 10:10 AM EDTDetroits Ford Motor (NYSE: F) announced Friday that they are recalling 870,000 of their F-150 trucks throughout the U.S. after finding that the vehicles electric parking brake is at risk of unexpected activation due to a potential wiring issue.
According to a... More
Ford Motor (F) Tops Q2 EPS by 19c
July 27, 2023 4:06 PM EDTFord Motor (NYSE: F) reported Q2 EPS of $0.72, $0.19 better than the analyst estimate of $0.53. Revenue for the quarter came in at $45 billion versus the consensus estimate of $43.03 billion.
Guidance:
Company raises full-year 2023 guidance for adjusted EBIT to between $11... More