Citi cuts estimates on Ford (F), maintains Buy rating
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Morgan Stanley’s Adam Jonas bullish on GM and Ford into 2024
December 21, 2023 9:34 AM ESTAdam Jonas and Morgan Stanley released a report this week detailing the research companys bullish stance on Detroit automakers, Ford (NYSE: F) and General Motors(NYSE: GM) into 2024.
Over the past few years, U.S. OEMs have faced significant challenges. Increased interest rates have negatively affected affordability, while the rapid rise of EVs has impacted market share. A situation that led to inventive but risky capital allocation strategies.
Looking ahead to 2024, Jonas believes that there's potential for these challenges to ease, especially if there's a shift towards... More
Ford (F) PT Lowered to $15 at Citi
December 19, 2023 7:22 AM ESTCiti analyst Itay Michaeli lowered the price target on Ford (NYSE: F) to $15.00 (from $17.00) while maintaining a Buy rating.... More
Ford Motor (F) Announces Retirement of Credit Harris
December 15, 2023 9:00 AM ESTThe accomplished leader of Fords customer-focused financial services business will retire during the first part of next year and be succeeded by a longtime company finance colleague.
Marion Harris will retire March 1 as president and CEO of Ford Credit; hell be replaced by Cathy OCallaghan, Fords vice president, controller, and chief accounting officer since June 2018. Under Harris, Ford Credit developed and is implementing an ambitious digitization and personalization of its customer offerings, remaking itself into a true technology-based financial services company, or fintech.
At the same time, Mark Kosman, presently director, Global... More
