https://www.fool.com/investing/2021/05/27/...-stock-is-higher-today/?
"Ford on Wednesday addressed a number of analysts' concerns about its plans to transition to zero-emission, connected vehicles. In a series of presentations by senior executives, the company said that it will spend at least $30 billion by 2025 as it prepares to mass-produce its own batteries and launch EVs built on two new architectures.
Wall Street liked what it heard. RBC Capital analyst Joseph Spak upgraded Ford to outperform, from sector perform, and raised his firm's price target to $17 from $13. Spak wrote that he now has more confidence in Ford's financial targets, that he believes Ford has definitively addressed auto investors' concerns about its EV strategy, and that its stock is still trading somewhat below its historical valuation.
At Deutsche Bank, analyst Emmanuel Rosner raised its price target on Ford to $16 from $14 while maintaining a hold rating...Several other prominent analysts, including Jefferies' Philippe Houchois and Morgan Stanley's Adam Jonas, also weighed in with positive comments after Ford's presentation....
but its second-quarter results may well be grim. The company warned last month that an ongoing shortage of semiconductors could cost it half of its second-quarter production - |
