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Tigress Financial Partners reiterated its Buy Rating on Ford Motor Company (NYSE: F) in a report issued Wednesday.
Analyst Ivan Feinseth believed that the “recent decline in shares represents an attractive entry point as Ford’s sales will rebound with the launch of its next generation, aluminum-bodied F-150.”
In addition to the F-150, Feinseth noted that Ford’s “Economic Profit improvement in 2015 will also be driven by other major product launches, along with Ford’s continued expansion into Asia, where it is already experiencing profitable growth.”
Feinseth stated that “sales of Ford’s aluminum-bodied 2015 F-150 will be stronger than expected because of the numerous benefits of a lighter car including improved fuel efficiency, driving significant market share gains and increasing shareholder value.”
Morgan Stanley recently expressed reservations about the complexity of the change-over to an aluminum manufacturing process, while Feinseth's report saw "significant upside to Ford’s 2015 outlook as the company’s commitment to aluminum in its best-selling F series trucks pays off handsomely.”
The report also mentioned expansion in China as an “important driver of Economic Profit” with the doubling of Lincoln dealerships in China by the end of 2015.
Ford closed at $14.10 on Tuesday, down 2.89 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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