What Does Ford's $267 Million Recall Mean for Investors?
Ford Motor Company (NYSE: F) said on Wednesday that it is recalling about 1.3 million F-Series pickup trucks to repair door latches that could get stuck.
Most automaker recalls are no big deal as long as there haven't been any injuries. That's true here as far as Ford knows, but this particular recall is an expensive one: Ford estimates that it will spend $267 million on this effort.
Here's what investors need to know.
Source: Fool.com
Ford Motor Co. Stock
€11.50
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We see a rather positive sentiment for Ford Motor Co. with 13 Buy predictions and 2 Sell predictions.
With a target price of 14 € there is a positive potential of 21.76% for Ford Motor Co. compared to the current price of 11.5 €.
