Why Ford could be out of gas

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Have you invested in Ford lately? A lot of investors have.

The stock of the only U.S. automaker not to file for bankruptcy this year has shot up like a rocket in the past few months, rising 376% from its February low.

Still, there are significant doubts about how much higher the shares could go. Analysts surveyed by Thomson Reuters have a 12-month target price of $8, only 6% above Thursday’s closing price.

“There’s definitely risks to the Ford story. They’re not out of the woods yet,” said Efraim Levy, auto equity analyst for Standard & Poor’s. “Relative to General Motors and Chrysler, they’re benefiting from newer products and preference by some consumers to avoid companies that needed to be bailed out. But how much longer does the good news of market share gains continue?”

This entry was posted in America, Auto, Ford, Market, Stocks. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>