Ford price target raised to $13 from $11 at RBC Capital

RBC Capital raised the firm’s price target on Ford (F) to $13 from $11 and keeps a Sector Perform rating on the shares. The company reported a very strong Q1 EBIT thanks to $1.3B in IEEPA tariff refunds, the analyst tells investors in a research note. RBC adds that while it appears unlikely for a Ford-China OEM collaboration in the U.S. over the near term, the firms believes the door is still open, especially if production is U.S.-based.