Considering buying some Ford StockYesterday Investor's Business Daily highlighted F as stock of the day.
https://www.investors.com/research/ibd-stock-of-the-day/ford-stock-hits-buy-zone-electric-vehicle-shift-speeds-up/
"Ford Motor (F) is the IBD Stock Of The Day as the nation's No. 2 automaker wins converts on Wall Street with its revamp. Ford stock hit a buy range.
"On Monday, Wells Fargo initiated Ford stock with an overweight rating and 15 price target. Analysts at the firm cited the pace of transformation under new CEO Jim Farley, who took the helm last October.
" 'The turnaround is a massive change,' said analyst Colin Langan. 'Ford is no longer focused on having a product for all markets, but rather focused on delivering products in segments with competitive strength — pickups and SUVs.'
"Under Farley, he added, Ford seems to be accelerating its shift to electric vehicles. That includes a new Mustang Mach-E electric crossover, part of 'one of the strongest lineups in decades,' Langan said.
"Other new vehicles include a refreshed version of Ford's bestselling F-150 pickup and resurrected Bronco brand of SUVs..."Tue, 06 Apr 2021 14:39:40 +0000
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