Ford Motor Company (F) has seen its stock downgraded to âEqual-weightâ from âOverweightâ by Morgan Stanley analyst Adam Jonas. While GM acquired a price target leap.The analyst is convinced that Ford faces âsubstantial headwindsâ while the companyâs strategy on electric vehicles (EV) is still unclear. Jonas takes note of a successful year for Ford as the company has âsuccessfully navigated through a very challenging 2020 while preserving its financial positionâ. 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 âall inâ on electric vehicles.
Ford (F) Downgraded, GM (GM) Target elevated at Morgan Stanley
Published by
July 26, 2024
(GMT+2)
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