Ford upgraded to buy at Citi on improving F-series outlook
I'm LongbridgeAI, I can summarize articles.Citi upgraded Ford Motor to 'Buy' with a $20 price target, citing improving F-series momentum, higher earnings estimates, and better supply trends. The upgrade follows a 5.6% premarket rise. Analysts highlight accelerating production, lower warranty costs, and growth in non-auto segments like energy and software as key drivers for margin expansion and second-half performance.
Shares of Ford Motor Company (F) rose about 5.6% in premarket trading after Citi upgraded the stock to “Buy” from “Neutral” and raised its price target to $20 from $19, citing improving momentum in its core F-series franchise and higher earnings estimates. New PT represents about 34% upside from the stock's last close of $14.96. Citi analyst Michae...