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BUZZ-Ford gains after UBS upgrades to 'buy' on expected earnings growth

Reuters04-14 19:30

BUZZ-Ford gains after UBS upgrades to 'buy' on expected earnings growth

** Shares of Ford F.N gain 2.7% to $12.49 premarket after UBS upgrades stock to "buy" from "neutral"

** UBS sees upside to automaker's earnings in 2026 and 2027; expects about $2 EPS in 2027, driven by product portfolio, lenient U.S. regulations and "pragmatic" EV strategy, among other factors

** Says F shares been pressured due to recent worries over higher gasoline and aluminum prices, both of which are overdone

** UBS expects EBIT to land on higher end of forecast for 2026, aided by an about $0.8 bln tariff benefit after the U.S. Supreme Court ruled President Donald Trump's tariffs illegal

** F's Kentucky battery plant could prove incremental to its profits; could be an about-10%-margin business by 2030 - UBS

** Four analysts rate stock "buy" or higher, 18 "hold" and two "sell" or lower, median PT at $13.74 - data compiled by LSEG

** Stock down about 7% YTD, till last close

(Reporting by Purvi Agarwal in Bengaluru)

((Purvi.Agarwal@thomsonreuters.com;))

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