Loading...
Loading...
In a report published Friday, Deutsche Bank Markets Research analyst Rod Lache upgraded
Ford MotorF from Hold to Buy and raised the price target from $18.50 to $19.00.
Lache noted the “significant pricing opportunity” from Ford's pickup truck price premium versus
General Motors. The analyst commented that Ford's pickup price premium has reached its lowest level in years. In addition, the new F150 is expected to be “significantly more cost competitive,” with an additional $750-$800 cost for the aluminum body.
The analyst wrote, “This conclusion, combined with our favorable views of Ford's prospects in Europe and China, leave us increasingly confident that Ford is heading for a significant earnings inflection in 2015-2016.”
Shares of Ford closed at $15.63 on Thursday. The stock jumped to $15.88 before 10:00 a.m. EST, up 1.599 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in