Ford's Sales Fell in September. Why This Analyst Upgraded The Stock

Barron's2022-10-06

Ford Motor's profit warning for the third quarter and macroeconomic challenges have hit the stock lately, but those concerns may be overdone, according to Morgan Stanley's Adam Jonas.On Wednesday, ...

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SmithC
2022-10-06
SmithC
Nice

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Why This Analyst Upgraded The Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-06 16:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/fords-gm-stock-target-upgrade-51664989430?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ford Motor's profit warning for the third quarter and macroeconomic challenges have hit the stock lately, but those concerns may be overdone, according to Morgan Stanley's Adam Jonas.On Wednesday, ...</p>\n\n<a href=\"https://www.barrons.com/articles/fords-gm-stock-target-upgrade-51664989430?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F","symbol_name":"福特汽车","start_time":0,"source_url":"https://www.barrons.com/articles/fords-gm-stock-target-upgrade-51664989430?mod=hp_LATEST","article_id":"2273684195","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2273684195","pubTimestamp":1665046088,"sourceInfo":{"source_id":"lsy1610680873436","name":"Barron's"},"weMediaInfo":null,"summary":"Ford Motor's profit warning for the third quarter and macroeconomic challenges have hit the stock la","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"F":"福特汽车"},"translate_title":"福特九月份的销量下降了。为什么这位分析师提升了股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F":1},"content_text":"Ford Motor's profit warning for the third quarter and macroeconomic challenges have hit the stock lately, but those concerns may be overdone, according to Morgan Stanley's Adam Jonas.On Wednesday, Jonas raised his rating on Ford (ticker: F) shares to Overweight from Equal-Weight. His target of $14 for the stock price remained unchanged.News that Ford's electric vehicle sales nearly tripled in September gave the stock a boost on Tuesday, overshadowing the fact that overall sales dropped nearly 9% in the same period. But the shares are still down nearly 20% over the past month, dragged lower by a weakening economic outlook and management's announcement last month that third-quarter operating profit would be up to $1.7 billion, far lower than the $2.9 billion Wall Street projected.The pullback in the stock price could be a buying opportunity, according to Jonas. The stock now trades at around $12, or eight times the $1.50 in per-share adjusted earnings Morgan Stanley expects for the full year. Jonas expects the valuation to go to up 9.2 times, which would leave the stock very close to his target of $14.On the other hand, he slashed the price target for General Motors (GM) shares to $30 from $42 earlier in the same note. 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