Morgan Stanley Offers Comments On Ford Following Earnings

On Friday morning Ford Motor Company F announced third quarter 2014 financial results.

Ford reported EPS of $0.24 per share beating estimates by $0.02 per share or 9 percent. Revenue for the third quarter was $32.8 billion versus $33.66 expected; missing by 2.55 percent.

Following the results, analysts at Morgan Stanley offered commentary on Ford shares.

Adam Jones finds the F-150 is still on track as outlined by Ford management, along with full year 2014 guidance.

Moreover, Jones finds “no compelling reason to either buy or sell the stock.”

Morgan Stanley analysts currently have an Underweight rating on Ford shares.

Shares of Ford Motor Company closed Friday’s session at $13.78 down 4.3 percent.

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Posted In: EarningsNewsGuidanceAnalyst Ratings
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