Ford Motor Company (F) has failed to attract many Wall Street players for most of the past year. Now one firm has decided to reconsider its stance on it.
Jefferies upgraded Ford to buy from hold on Monday, July 27, and raised its price target to $17.50 from $14.50.
The call landed one day before Ford reported its second-quarter results, and Jefferies' new target sat roughly 21% above where the stock traded early Monday, near $14.46.
The upgrade matters because Jefferies did not wait for the numbers to confirm the thesis. It bet that Ford's second quarter would mark the low point for margins and volume before things improve.
For anyone holding Ford, or watching it, the question was simple: Did the setup justify buying before the print? The July 28 report gave the first answer.
#company #wall
Jefferies upgraded Ford to buy from hold on Monday, July 27, and raised its price target to $17.50 from $14.50.
The call landed one day before Ford reported its second-quarter results, and Jefferies' new target sat roughly 21% above where the stock traded early Monday, near $14.46.
The upgrade matters because Jefferies did not wait for the numbers to confirm the thesis. It bet that Ford's second quarter would mark the low point for margins and volume before things improve.
For anyone holding Ford, or watching it, the question was simple: Did the setup justify buying before the print? The July 28 report gave the first answer.
#company #wall
18 hours ago
