Reported 1 day ago
BofA Securities has reaffirmed its Buy rating for Ford Motor Company (NYSE:F) and set a target price of $14 per share after the company's recent announcement of a $2 billion investment in its Louisville plant to support the launch of its Universal Vehicle Platform, aimed at enhancing EV manufacturing. Despite a slump in U.S. electric vehicle sales, BofA highlights Ford's strategic moves as positioning the company favorably for future growth in electrification.
Source: YAHOO