Goldman Sachs upgrades Ford — and says the stock could rise 30% (F)

Goldman Sachs upgrades Ford — and says the stock could rise 30% (F)

November 5, 2018 Off By HomenGardenRS

ford car manufacturing plantDavid Ramos/ Getty

Goldman Sachs has modernized Ford to ‘buy’ with a $12 rate target. Analyst David Tamberrino says a refreshed product line and costs improvement could lead to 30% amplifications. Ford jumped more than 6% next following the improve — follow the stocks lives in real-time now.

Goldman Sachs has modernized Ford to a buy rating from neutral, with a $12 cost target that implies a potential 30% upside to the struggling automaker’s.

“While we still expect a downward earnings path into 2019( North America profit under-pressure ), we speculate next year will represent trough earnings and the combination of a refreshed produce meter globally as well as penalty improvements from strategic initiatives will begin to take hold, ” David Tamberrino, Goldman’s automotive psychoanalyst, said in a indicate to consumers Monday, in accordance with the Detroit Free PressSee the rest of the floor at Business Insider

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