Barclays On Meeting Ford Management: Earnings More Likely To Come Down Than Go Up

Barclays Brian Johnson reiterated Ford Motor Company F's Equal-Weight rating with a $14.00 price target after meeting management on Tuesday.

Johnson expressed his concerns for whether Ford can "mitigate" peak SAAR effecting the business. "We're not sure much else can be done" to do so, the Barclays analyst said.

As a result, the analyst concluded "that earnings are more likely to come down from here than come up… yet in the near term, Ford may actually outperform vs. U.S. suppliers."

Other notable comments during the management meeting:

• Ford plans to expand its portfolio beyond vehicle manufacturing.
• Management believes it was competitive on battery costs and "could see an inflection in the future"
• European sales was on the rise

At time of writing, Ford was trading at $13.44, down 0.52 percent.