Bank of America Securities analyst Federico Merendi has reiterated their bullish stance on F stock, giving a Buy rating on July 21.
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Federico Merendi has given his Buy rating due to a combination of factors that suggest potential growth for Ford Motor. Despite Ford’s second-quarter earnings per share falling short of Bank of America’s expectations, they still surpassed the consensus estimate, indicating a stronger performance than anticipated by the broader market. Additionally, Ford’s wholesale volumes, particularly in the Ford Pro segment, showed significant year-over-year growth, which is a positive indicator for future sales.
Furthermore, Ford’s updated guidance for the second half of 2025 suggests an improvement over the first half, with expectations of higher adjusted EBIT and free cash flow. Although the guidance was adjusted downward due to tariff impacts, the company’s outlook still points to stronger performance in the latter part of the year. This optimistic projection, along with the company’s ability to navigate challenges such as tariffs, supports the Buy rating as Ford is expected to achieve better financial results moving forward.
In another report released on July 21, J.P. Morgan also maintained a Buy rating on the stock with a $13.00 price target.