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International Business Times
International Business Times
Business

A Wall Street Firm Just Turned Bullish On Ford And GM. It Believes Gains Could Be As High As 22%

Ford GM Jefferies Philippe Houchois General Motors United States Ford Motor CNBC Novelis LSEG
Jefferies analyst Philippe Houchois said GM's stronger-than-expected second-quarter earnings and raised 2026 guidance supported the firm's more positive view of the automaker. (Credit: Reuters)

Jefferies has upgraded both Ford Motor and General Motors to "buy," arguing that improving earnings trends and stronger operating performance have created more attractive opportunities for investors in the two Detroit automakers.

The investment bank raised its rating on both companies to "buy" from "hold," while increasing its price target for General Motors to $99 from $90 and for Ford Motor to $17.50 from $14.50, CNBC reported Monday. The new targets imply upside of nearly 20% for GM and almost 22% for Ford based on Friday's closing prices.

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