Bearish
Ford's stock drops 1.5% after JPMorgan cuts price target to $16.
Ford's stock declined by 1.5% following JPMorgan's reduction of its price target from $17 to $16, maintaining an 'Overweight' rating. The analyst anticipates third-quarter 2026 EBIT of $2.5 billion and earnings per share of $0.43, slightly above consensus estimates.
Key points
- JPMorgan lowers Ford's price target to $16, citing 2027 outlook.
- Analyst maintains 'Overweight' rating despite price target cut.
- Third-quarter EBIT and earnings per share estimates slightly above consensus.
Sources
AI-generated from public news sources. Not financial advice.
