In a report released today, John Murphy from Bank of America Securities reiterated a Buy rating on Ford Motor (F – Research Report), with a price target of $14.00.
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John Murphy has given his Buy rating due to a combination of factors including Ford’s better-than-expected first-quarter performance and its strategic positioning. The company reported an adjusted EPS of $0.14, surpassing both the Bank of America estimate and the Bloomberg consensus, while its adjusted EBIT also exceeded expectations. Despite challenges such as tariff costs impacting Ford Blue and Ford Pro, the company showed resilience with Ford Blue and Model e performing better than anticipated.
Furthermore, Ford’s strong presence in the core truck market and its substantial US manufacturing footprint position it well to capture market share. Although there are uncertainties due to supply chain disruptions and tariff-related issues, Ford’s ability to offset a significant portion of these costs is seen as manageable. Overall, these factors contribute to the positive outlook and the reaffirmation of the Buy rating with a price objective of $14.
In another report released on May 1, J.P. Morgan also maintained a Buy rating on the stock with a $12.00 price target.