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Ford price target raised to $14 from $13 at Citi
The Fly

Ford price target raised to $14 from $13 at Citi

Citi analyst Itay Michaeli raised the firm’s price target on Ford to $14 from $13 and keeps a Neutral rating on the shares. The analyst updated his model to reflect the Q3 results and recent data points. The new target represents modestly higher multiples reflecting Ford’s improved auto free cash flow conversion this year, Michaeli tells investors in a research note. However, the analyst would like to see a more compelling entry point in the shares.

Published first on TheFly

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