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Jefferies Buys Ford Ahead of Earnings | Raleigh News
Jefferies just upgraded Ford to “buy” with a $17.50 price target—21% above current trading—before the company’s Q2 earnings, betting the quarter was the bottom before a rebound. Analyst Philippe Houchois forecasts Ford’s adjusted EBIT to hit $10.3B by 2026, near Ford’s own high-end projection. The upgrade comes alongside GM’s buy call, but Ford’s move was forward-looking, anticipating recovery after a supply chain hit from Novelis fires that crippled F-150 production. Ford’s July earnings confirmed the thesis: EPS beat, EBIT up YoY, and full-year guidance lifted—especially for truck…
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