Citi Upgrades Ford Stock to 'Buy' Amid Strong Earnings and Guidance
On July 29, Citi analyst Michael Ward upgraded Ford Motor (F) stock from its previous rating to 'Buy,' citing strong Q2 earnings results and raised guidance. The upgrade comes with a new price target of $20 per share, suggesting potential for an additional 28% upside despite recent gains in the stock's value. Ward highlighted several factors supporting his bullish outlook: improved production levels in Ford’s F-series trucks expected to rebound sharply in H2 2026; reduced warranty costs and better material cost management. Additionally, Ford has shown strong technical indicators such as breaking above key moving averages with a high RSI score. The analyst also pointed toward emerging growth areas like energy initiatives and software subscriptions—growing at around 20% annually—as potential drivers for future margin expansion.
Topics: Citi Analyst Ford Motor F-series Trucks Stock Upgrade