Argus Research expert Bill Selesky connected Thursday raised his terms people connected Ford Motor Co. F, +3.44% shares to $29, from $20, citing the car maker's "strengthening equilibrium sheet" and "clearly defined" fiscal targets. "We judge that supply-chain problems and semiconductor spot shortages volition soon dissipate and supply greater opportunities for higher revenues and net performance" for Ford, Selesky said. The expert kept his bargain standing connected the stock. Ford shares person gained much than 174% successful the past 12 months, compared with gains of astir 25% for the S&P 500 scale SPX, -0.11% successful the aforesaid period. Ford shares surged earlier this week arsenic the institution said it plans to treble accumulation of its electrical F-150 Lightning pickup motortruck to meet "soaring lawsuit demand."
Ford stock's price target upped to $29 at Argus

Related
Top Pharmaceutical Stocks for Q1 2022
7 months ago
203
Cassava: An Attractive Value Proposition
7 months ago
175
Warren Buffett says these are the best stocks to own when in...
7 months ago
178
Four U.S. Oil Stocks In Buy Range As Crude Prices Rise
7 months ago
157
Trending
Popular
Balenciaga Spring
1 year ago
619
‘Business interest not driven by PMC Bank alone’
1 year ago
510
About Us ·
Privacy Policy ·
Contact Us ·
Terms & Conditions ·
Guest Posting Service ·
Advertise With Us ·
Submit Press Release ·
Press Release Distribution Sites ·
© Baltimore news wire 2022. All rights are reserved