UBS analyst Joseph Spak upgraded Ford (F) to Buy from Neutral with an unchanged price target of $15. The firm sees a “credible path” to Ford earning over $2 in earnings per share in 2027, or 17% above consensus. Beyond 2027, Ford should head towards $3 in earnings per share power driven by its product portfolio, a “more lenient” U.S. regulatory backdrop, and a “more pragmatic” electric vehicle strategy, the analyst tells investors in a research note. UBS believes concerns over higher gasoline prices and higher aluminum prices are overdone in Ford shares.
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