Jefferies Upgrades Ford Stock to Buy with Higher Price Target
On July 27, Jefferies upgraded Ford Motor Company (F) from hold to buy and raised its price target to $17.50 from $14.50. The move came ahead of Ford's second-quarter earnings report and reflected the firm’s belief that Q2 would mark a low point for margins before improvement follows. Analyst Philippe Houchois increased his 2026 adjusted EBIT forecast to $10.3 billion, near the top end of Ford’s guidance range. Jefferies also upgraded General Motors (GM) on the same day but with more conviction due to GM's strong Q2 performance and raised guidance. For Ford, the upgrade was based on expected normalization in production after supply chain disruptions at aluminum supplier Novelis affected F-150 output earlier this year. The firm anticipates volume recovery as Novelis resumes operations. Ford’s July 28 earnings report validated much of Jefferies’ thesis: adjusted EBIT reached $2.5 billion, and the company raised its full-year guidance to a range of $10–$11 billion from previously $8.5–$10.5 billion.
Topics: Ford Jefferies Stock Target Change