BUZZ-Ford rises after Piper Sandler upgrades rating, raises PT
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Ford Motor Co shares rose 0.5% to $13.81 premarket after Piper Sandler upgraded its rating to "overweight" and raised the price target from $11 to $16, indicating a potential upside of approximately 16.5%. The brokerage anticipates Ford's strategic shift towards electric vehicles and high-margin trucks will enhance margins through 2027. Piper Sandler projects EPS of $1.52 in 2026 and $1.95 in 2027, surpassing analyst estimates. The note highlights lower warranty costs and reduced EV losses as positive factors. Ford shares have increased by 40.7% over the past year.
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