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Citi just raised price targets on Ford $F to $20 from $19 and upgraded the shares to Buy from Neutral
Stock is up over 5% 🟢 in pre-market
🔼Citi upgrades Ford $F to Buy on improving momentum
Citi upgraded Ford to Buy from Neutral with a price target of $20, up from $19.
Only three of the 18 analysts that cover Ford have a Buy rating but the company's momentum is turning, the analyst tells investors in a research note.
Citi believes F-series production ramps, lower warranty accruals, better aluminum supply and easing material costs are positive for Ford's second half of 2026.
The firm cites this improving momentum for the upgrade. The stock in premarket trading is up 7%, or $1.04, to $16.00.
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