RBC Capital analyst Joseph Spak raised the firm’s price target on Ford to $13 from $12 but keeps a Sector Perform rating on the shares after its Q1 results. Ford Pro remains one of the best businesses in auto’s, but if EV prices keep falling, the Model-E losses could worsen, the analyst tells investors in a research note. This could be partly responsible for why the company is not buying back stock as aggressively as other automakers, RBC added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
