Ford Is On The Rebound – CWEB.com
February sales for Ford (NYSE:F) came in stronger than expected for February, but it was a pretty strong month for sales of Ford F-Series trucks.
February sales came in at 68,243, which is a 3.5% increase from last February.
Ford Credit (F) is a vital aspect of Ford Motor Company’s business.
The company has been separately reporting Ford Credit results for a few quarters now, and it’s been a great insight into their overall health.
Ford Credit looks really good.
Ford has some attributes that make it arguably a cheap machinery stock with leverage to any infrastructure spending,” writes analyst Adam Jonas.
“As we reposition our business in China, our key priorities for 2018 are to strengthen our core business, improve our operational fitness and accelerate our strategic shift to capitalize on emerging market opportunities,” says Ford Asia Pacific CEO Peter Fleet.
CWEB Analyst’s have initiated a Buy Rating for Ford (NYSE:F) and a Price Target of $20 within 12 months.
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