Stock Track | Ford Soars 5.02% After Piper Sandler Upgrade and "Eyes-Off" Driving Plans

Stock Track01-09

Ford Motor Co. (F) saw its stock price surge 5.02% intraday on Thursday, driven by a combination of analyst upgrades and positive news about its future autonomous driving technology.

Piper Sandler upgraded Ford to "overweight" from "neutral" and raised its price target to $16 from $11, citing the company's strategic EV pivot, partnership with Renault, and renewed focus on high-margin trucks and SUVs. The brokerage also highlighted lower warranty costs and reduced EV losses as key tailwinds.

Additionally, Ford announced plans to launch "eyes-off" driving technology by 2028, which would allow drivers to take their hands off the wheel and eyes off the road in certain conditions. This move is seen as a direct challenge to Tesla's Full Self-Driving system and has further fueled investor optimism.

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