Ford: Jefferies upgrades stock
(CercleFinance.com) - Jefferies has upgraded its rating on the Ford stock from "hold" to "buy" and has raised its target price from 13 dollars to 14 dollars, in the wake of a 6-12% increase in its estimates for adjusted operating profit for 2019 and 2020.
The broker believes, "Despite being perceived a laggard, we think Ford is early among global OEMs in re-evaluating how it allocates capital, a process most OEMs outside NA have yet to address."
Their analysts say that Ford is not being credited with its ambitious, albeit credible cost targets and multiple strategic and operational levers that remain available to improve its market and product exposure.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker believes, "Despite being perceived a laggard, we think Ford is early among global OEMs in re-evaluating how it allocates capital, a process most OEMs outside NA have yet to address."
Their analysts say that Ford is not being credited with its ambitious, albeit credible cost targets and multiple strategic and operational levers that remain available to improve its market and product exposure.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.