F - JEFFERIES TURNS BULLISH ON FORD Jefferies upgrades F to Buy and raises its price target to $17.50 (from $14.50). The firm expects Q2 to
F - JEFFERIES TURNS BULLISH ON FORD Jefferies upgrades F to Buy and raises its price target to $17.50 (from $14.50). The firm expects Q2 to mark a low point, with production recovering and healthy U.S. demand potentially supporting higher guidance. Jefferies also sees improving capital allocation, stronger cash flow, and projects FY adjusted EBIT of $10.3B, near the top of Ford’s guidance range.
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