TD Cowen Keeps Ford’s ‘Hold’ Rating

TD Cowen analyst Itay Michaeli reiterated on October 27, 2025, an ‘Hold’ rating and $13 price target on Ford.

“Positive Share Price Reaction Warranted; Focus Turns to EV Actions;

Post the 10Q filing, we’re updating estimates & raising our PT to $15 from $13.

With Q3 inline with our preview thoughts (here) and broader call for a positive turn in US automaker sentiment (here), we remain fundamentally constructive on Ford.

Still, the next major stock move could hinge on the extent of upcoming EV cost efforts that Ford alluded to, which we’d like to gain more conviction on.”

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