Soleil Upgrades Ford (F) from Sell to Buy; $11 PT

Soleil Securities Group upgrades Ford (NYSE: F) from Sell to Buy and has an $11 price target on the stock.

The firm believes that, over the next few years, investor sentiment towards Ford will turn from negative to positive due to:

• new product launches;
  
• cost cutting efforts;
  
• capacity reductions in the North American market; and
  
• better than expected performance on the cash side.

Soleil also points out that Ford stock has underperformed the S&P 500 in eight out of the last nine years, losing about 112% of its value on a total return basis, relative to the market, over this period.

Trading at around $7.50, Soleil's $11 price target on Ford represents a potential gain of about 48% from current levels.

Ford Motor Company designs, develops, manufactures, and services cars and trucks worldwide. [BCS]

You May Also Be Interested In

• Goldman Sachs Upgrades Neste Oyj (NESTE:FH) (NTOIY) to Buy
• National Bank Financial Upgrades BRP Inc. (DOO:CN) (DOOO) to Outperform
• Kotak Upgrades NTPC Ltd (NTPC:IN) to Add (2)