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Oct. 30, 2020, 11:39 a.m. EDT

Ford's price target raised to $9 by Morgan Stanley

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By Claudia Assis
F SPX

Morgan Stanley on Friday upgraded its price target on Ford Motor Co. /zigman2/quotes/208911460/composite F +0.11% shares to $9, from $8, on the back of the car maker's "stronger quarter-end financial position driven by strong cash flow generation," analyst Adam Jonas said in a note Friday. The analyst kept its rating on the stock at the equivalent of buy. Ford on Wednesday reported better-than-expected third-quarter profit and sales, saying its focus on popular, more profitable pickup trucks and SUVs boosted its bottom line amid a surge in demand and low inventory. On average, Wall Street has a price target of $8.57 on Ford, according to FactSet. That represents an 11% upside over Friday prices. Shares of Ford have lost 17% this year, contrasting with gains around 0.6% for the S&P 500 index. /zigman2/quotes/210599714/realtime SPX +0.24%

/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 9.09
+0.01 +0.11%
Volume: 27.85M
Nov. 27, 2020 5:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$36.16 billion
Rev. per Employee
$820,526
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/zigman2/quotes/210599714/realtime
US : S&P US
3,638.35
+8.70 +0.24%
Volume: 1.22B
Nov. 27, 2020 2:07p
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