Morgan Stanley analyst Adam Jonas maintains $Ford Motor (F.US)$ with a hold rating, and adjusts the target price from $12 to $11.
According to TipRanks data, the analyst has a success rate of 51.2% and a total average return of 4.0% over the past year.
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; however, projections for FY24 are now anticipated at the lower spectrum of previous forecasts, suggesting a challenging fourth quarter due to inflationary pressures in Turkey impacting European operations and disruptions related to hurricane-affected suppliers. Looking ahead to 2025, while management has provided limited details, expectations are set for electric vehicle costs to decrease and the Inflation Reduction Act to provide a substantial advantage beginning in the middle of the year, although competition from numerous new models in the market could significantly counteract this.
Although Ford's pricing resilience persists, net costs have continued to disappoint, even when taking into account less challenging comparisons. This comes after the company's third-quarter performance aligned with expectations, but projections for 2024 fell short.
Note:
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