On Oct 30, major Wall Street analysts update their ratings for $Ford Motor (F.US)$, with price targets ranging from $12 to $14.
Morgan Stanley analyst Adam Jonas maintains with a hold rating, and maintains the target price at $12.
J.P. Morgan analyst Ryan Brinkman maintains with a buy rating, and adjusts the target price from $15 to $14.
BofA Securities analyst John Murphy maintains with a buy rating.
Barclays analyst Dan Levy maintains with a buy rating, and maintains the target price at $13.
Furthermore, according to the comprehensive report, the opinions of $Ford Motor (F.US)$'s main analysts recently are as follows:
Ford's third-quarter results aligned closely with expectations, yet forecasts for FY24 are now at the lower spectrum of previous projections, suggesting a challenging fourth quarter. This is partly due to inflationary pressures in Turkey affecting European operations and disruptions stemming from hurricane-related supplier issues. Looking towards 2025, Ford's management has been reserved in their statements, but they anticipate a decrease in electric vehicle costs and a significant advantage from the Inflation Reduction Act starting in the middle of the year, even as the market becomes increasingly competitive with numerous new models launching.
The company's third-quarter performance was generally in line with expectations, though guidance for 2024 fell short. Analysts note that despite Ford's ongoing strength in pricing, cost management continues to be less than satisfactory, even when considering less challenging comparisons.
Here are the latest investment ratings and price targets for $Ford Motor (F.US)$ from 4 analysts:
Note:
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