Ford’s New Product Strategy Boosts Analyst Confidence: Buy Rating Maintained with $20 Price Target

BofA Securities analyst John Murphy has maintained a Buy rating on Ford Motor Co, setting a $20 price target based on the company’s revised product strategy. Murphy believes that Ford’s shift towards focusing on core strengths like commercial vans, large pickup trucks, and long-range SUVs, alongside investments in lowering EV costs, will drive profitability and earnings growth.

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