Ford price target lowered to $11 from $12 at RBC Capital
RBC Capital lowered the firm’s price target on Ford (F) to $11 from $12 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q1 for Global Auto names. U.S. OEMs and suppliers have recently pulled back amid macroeconomic concerns tied to geopolitical tensions in the Middle East, though while elevated fuel prices may support EV adoption in Europe, the firm sees limited mix shift in the U.S., where government incentives have been the primary demand driver for EV sales, the analyst tells investors in a research note. RBC notes however that the USMCA trade agreement – United States-Mexico-Canada Agreement – resolution could be delayed as a result of the Iran conflict.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
Disclaimer & DisclosureReport an Issue
- Ford Stock (NYSE:F) Slips as the F-Series Looks Like a Potential Weak Link
- Ford Motor Balances F-Series Risk With Bold AI Pivot
- “Temu Range Rover” Beats Ford in the United Kingdom: Ford Stock (NYSE:F) Gains
- Ford, Sharrow Engineering scale production of Sharrow Propeller
- Universal Logistics names Michael Rogers as CFO
