Jefferies Upgrades Ford Stock to Buy with Raised 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 was based on the belief that Q2 would represent a low point for margins before improvement follows. Jefferies analyst Philippe Houchois increased his 2026 adjusted EBIT forecast to $10.3 billion, near the top end of Ford’s guidance range. The firm also upgraded General Motors (GM) on the same day but with more confidence in GM due to its strong quarterly performance. Ford's second-quarter results validated part of Jefferies' thesis: it reported adjusted EBIT of $2.5 billion and raised full-year guidance for both EBIT ($10–$11 billion) and free cash flow ($6–$7 billion). However, revenue fell 4% year-over-year due to production disruptions from a supplier issue.
Topics: Ford Motor Company Jefferies price target stock upgrade