Jefferies keeps a Hold rating and $15 price target on Ford (F) shares after the company “finally announced the long-anticipated repositioning” of its EV strategy and took a “surprisingly large” $19.5B special-item charge. Ford’s strategy will refocus North America on the new Universal platform and a mix of ICE, hybrid and EREV powertrain configurations, notes the analyst, who also points out that Ford raised FY25 adjusted EBIT guidance to about $7B from $6B-$6.5B previously guided.
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