🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Citi cuts estimates on Ford, maintains Buy rating

Published 19/12/2023, 14:42
© Reuters.
F
-

Citi Research reiterated a Buy rating on Ford Motors (NYSE:F) and cut their 12-month price target on the stock to $15.00 (From $17.00) after the Detroit automaker updated guidance to reflect recent concessions made to workers following a UAW strike.

Analysts cut their 2023-2024 estimated EPS by around 11-12%. Additionally, there has been a minor downward adjustment of 2% for the 2025 estimated EPS. However, it's worth noting that the projected estimates for 2024 and 2025 still stand considerably higher than the general consensus among analysts.

It was also noted that there are “No major changes to LT view of Ford’s EPS strength.”

Shares of F are up 0.38% in early trading Tuesday morning.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.