Sterne Agee: Ford is Top Pick in the Auto Sector

By Delores Land
Benzinga Staff Writer
January 30, 2012 10:43 AM

Symbols: F

Posted in: Analyst Color, Reiteration, Analyst Ratings

In a research report published today, Sterne Agee has picked Ford Motor Co. (NYSE: F) as its top pick in the auto sector based on its net cash balance, 2011 margins and Ford Motor Credit.

Sterne Agee explained, “While Ford's 4Q EPS came of short of expectations, the variance is explainable and the full-year results increase our level of conviction that the company is well positioned to benefit from a recovering industry environment. Ford is our top pick with an $18 per share target.”

Ford Motor Co. closed Friday at $12.21.

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Sterne Agee: Ford is Top Pick in the Auto Sector

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