$F - JEFFERIES TURNS BULLISH ON FORD
Jefferies upgrades $F to Buy and raises its price target to $17.50 (from $14.50).
The firm expects Q2 to mark a low point, with production recovering and healthy U.S. demand potentially supporting higher guidance.
Jefferies also sees improving capital allocation, stronger cash flow, and projects FY adjusted EBIT of $10.3B, near the top of Ford’s guidance range.
Who’s excited for single stock futures?
Personally, very excited for this product. As an options trader first, I’m excited to ditch the greeks and retain the leverage.