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Ford stock could climb another 12% on a refreshed vehicle lineup and a boost from inflation, JPMorgan says

June 4, 2021

Ford stock could climb another 12% with a boost from its refreshed vehicle lineup and inflation, JP Morgan says.

In a note to clients on Friday, JP Morgan analysts led by Ryan Brinkman reiterated their “overweight” rating on shares of Ford and increased their price target to $18 from $16.

The price target represents a potential 12% jump from Thursday’s closing share price.

Brinkman and his team said they expect Ford to benefit from the improved availability of semiconductors, a strong price/mix due, at least in part, to inflationary forces, and its new electric vehicle lineup.

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