Piper Sandler raised the firm’s price target on Ford (F) to $11 from $9.50 and keeps a Neutral rating on the shares following Q3 results. In sum, the quarter was better than expected, and the outlook was better than feared, the firm notes. A recent change to tariff policy should boost Ford’s EBIT by $1B, and as a result, Piper is comfortable increasing its margin outlook in 2026.
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