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Barchart
Barchart
Wajeeh Khan

Citi Just Upgraded Ford Stock. Here's Why.

Ford Citi Michael Ward

Ford Motor (F) is pushing higher on July 29 after its solid Q2 earnings and raised guidance made a senior Citi analyst, Michael Ward, issue a bullish note in its favor. In a research note this morning, Ward upgraded the legacy automaker to “Buy” and raised his price to $20, indicating potential upside of another 28% from current levels.

Despite today’s rally, Ford stock is down about 10% versus its year-to-date high.

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