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UPDATE: Goldman Sachs Raises PT to $15 on Ford Motor Company on Q3 Results

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Goldman Sachs reiterated its Buy rating on Ford Motor Company (NYSE: F) and increased its price target from $14 to $15.

Goldman Sachs noted, "We like that Ford is taking a disciplined management approach that we expect to drive sustainable earnings growth. Tight inventory control and a willingness to resist aggressive incentives are driving strong price performance globally, and this was clearly visible in 3Q12 results. And the company is now implementing the most aggressive plan to deal with the European market of all the OEMs. … We think a nascent volume recovery in Brazil combined with new product (Ecosport, Ranger, Edge) should help profitability, even if production/trade issues between Brazil/Argentina/Mexico have not been resolved."

Ford Motor Company closed at $10.36 on Friday.

Latest Ratings for F

DateFirmActionFromTo
Sep 2014Morgan StanleyDowngradesOverweightUnderweight
Aug 2014Stifel NicolausUpgradesHoldBuy
Aug 2014Credit SuisseInitiates Coverage onNeutral

View More Analyst Ratings for F
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Intraday Update Analyst Ratings

 

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