Deutsche Bank Raises Ford’s PT to $12

Deustche Bank analyst Edison Yu raised on October 27, 2025, the price target on Ford to $12 (from $11), while keeping a ‘Hold’ rating on the stock.

“While we certainly expected OEMs to outperform in the near future coming into earnings season, the speed and magnitude of recent stock moves has been surprising and we attribute this to investors looking beyond the fire (in Ford’s case) and into an environment where OEMs can reap strong benefits across price/mix, compliance, and even tariff relief.

Ford’s 3Q report embeds many layers of factors which, if peeled away, demonstrate continued cost reductions and market share gains.

While both tariff and Novelis fire impacts will reduce the year’s EBIT, we think the latter is temporary and will partially unwind in 2026.

As such, the narrative becomes much more centered around ICE for longer.

We think if management executes well against the higher trim opportunities, it can capture large earnings upside, albeit exact timing is uncertain.

Ford will also need to address heavy EV losses and we suspect capacity will be properly right-sized soon.

We expect EBIT to grow next year to over $8bn and we tweak our price target up to $12; maintain Hold.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.