Apple Inc.
AAPL
$175.49
−3.58 (2.00%)
Ford (F) Downgraded, GM (GM) Target elevated at Morgan Stanley

Published by

July 26, 2024
(GMT+2)

Ford Motor Company (F) has seen its stock downgraded to “Equal-weight” from “Overweight” by Morgan Stanley analyst Adam Jonas. While GM acquired a price target leap.The analyst is convinced that Ford faces “substantial headwinds” while the company’s strategy on electric vehicles (EV) is still unclear. Jonas takes note of a successful year for Ford as the company has “successfully navigated through a very challenging 2020 while preserving its financial position”. The financial flexibility will pave the way for investing in EV products, but 2021 may prove to be a crucial year for Ford.On the other hand, General Motors (GM) has witnessed its price target increase to $53.00 per share from prior $44.00 after the company committed to go “all in” on electric vehicles.

WHAT TO READ NEXT

Ready to get started?

Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.