Ford initiated with a Hold at TD Cowen

TD Cowen analyst Itay Micaheli initiated coverage of Ford (F) with a Hold rating and $10 price target Fundamentally, the firm tends to “lean more bullish on Ford over the long-term,” but is waiting for “a more convincing entry point,” the analyst tells investors. The firm sees a lack of visible earnings catalysts until at least the second half of 2025 as well as limited potential for aggressive share buybacks in the interim, the analyst added.