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Ford Motor Company (New York Stock Exchange:F) has been attracting attention since Morgan Stanley selected this stock as a top pick in the U.S. automobile industry.
An important part of the company’s bullish thesis is that analyst Adam Jonas and his team believe in Ford (F).) demonstrates a growing understanding that current electric vehicle strategies need to change substantially. ford(F) is also expected to reduce vertical integration in favor of partnerships and collaborations, including with Chinese companies. In particular, Ford’s (F) Efforts to collaborate with major Chinese companies are said to be most similar to Tesla’s recent moves (TSLA).
Jonas also emphasized that recent discussions with Ford executives (F) suggest the Detroit automaker recognizes a necessary change in its investment focus and business model.
Looking ahead to potential catalysts for the stock, Morgan Stanley points to positive share price gains in the pickup segment, further collaborations with strategic partners such as Volkswagen (OTCPK:VLKAF) and Google (GOOG), and successful execution of the Ford+ strategy through connected services. I did. And Ford Pro. The company has an overweight rating on Ford (F) and has a target price of $17.00.
Analyst Juxtaposed Ideas on Seeking Alpha is also bullish on Ford (F). “While EV growth is slowing, we believed we could continue to deliver stable sales/profits going forward while relaunching our highly profitable legacy business,” Juxtaposed Ideas advised.
Ford (F) stock price falls 0.32% It was at $12.34 in pre-market trading Tuesday, with a 52-week trading range of $9.63 to $15.42. Short interest in Ford (F) is 3.0% of total float. The dividend yield for new buyers is 4.85%.
