Ford resumed with a Hold at Deutsche Bank

Deutsche Bank analyst Edison Yu resumed coverage of Ford with a Hold rating and $11 price target. While stating that Ford “represents a potentially compelling turnaround story longer term,” the firm sees near-term execution and timing risk. Ford has done well to restructure money-losing operations overseas, but Ford Blue in the U.S. continues to have an inflated cost structure, dragging down overall profitability, the analyst tells investors.