Ford Motor Company (F) Stock: $17 Price Target And Overweight Rating

Apr 7th, 2022 10:09 EST
  • The shares of Ford Motor Company (NYSE: F) have received a $17 price target from Barclays. These are the details.

The shares of Ford Motor Company (NYSE: F) have received a $17 price target from Barclays. And Barclays adjusted the rating on Ford from “Overweight” to “Equal-Weight.” 

The rating was adjusted due to concerns that supply chain issues will be a major factor this year for the Detroit automaker. And Barclays analyst Brian Johnson believes that Ford came into this year with only about one-third of its commodity needs locked in. And since then, the prices have spiked. Plus macro pressures are expected to also cause production headwinds to clip margins.

“Despite the selloff, we believe investors are still underestimating risks to the sector – and in particular to suppliers – from inflation and production pressures – as well as the impact of interest rate hikes on portfolio allocations,” wrote Johnson in a research note.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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