Morgan Stanley analyst Adam Jonas upgraded Ford Motor to Overweight from Equal Weight and raised his price target for the shares to $12 from $10. The stock closed Monday down 5c to $9.23. Ford’s partnerships and “more focused” model lineup should keep its profitability “largely stable” through 2022, Jones tells investors in a research note. The analyst previously predicted Ford’s earnings would decline 40% during that timeframe. He upgraded Ford shares after making a “substantial” boost to his mid-term earnings estimates.
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