Why Ford Stock Is Moving Higher Today
Shares of Ford Motor Company (NYSE: F) were trading higher today after a prominent Wall Street analyst released a bullish note and raised his bank's rating on Ford's stock. As of 11 a.m. EDT on Friday, Ford's shares were up about 3.2% from Thursday's closing price.
In a new note on Friday morning, Barclays analyst Brian Johnson upgraded Ford to overweight from equal weight, and raised his price target for the shares to $16 from $9.
Johnson wrote that while he had been somewhat skeptical of Ford's prospects, in part because of the company's seeming lack of an aggressive electric-vehicle (EV) strategy, some recent research has changed his view.
Source Fool.com
