Citi keeps a Buy rating on Ford Motor with a $17 price target after the company reinstated 2023 guidance following the ratification of the UAW contract. At first glance the reinstated guide “looks encouraging,” the analyst tells investors in a research note. Excluding the strike, Ford was tracking to the high-end of its pre-strike EBIT guidance despite the warranty and material cost headwinds incurred in Q3, the analyst tells investors in a research note.
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