BofA Initiates Ford with $17 PT and Buy Rating
BofA Securities analyst Alex Perry assumes coverage on Ford with a Buy rating and a price target of $17.00.
“We are reinstating Ford with a Buy rating and $17 price objective based on an EV of 3.8X our C2027 adj.
EBITDA estimate (see our full industry note here).
We think Ford is positioned well to capitalize on the significant shift in the regulatory backdrop under the current administration that should enable it to shift focus to its most margin accretive trucks/SUVs.
We expect near term benefits as Model E losses abate, and the company’s high-margin commercial business stabilizes.
We expect Ford to make progress toward its 8% EBIT margin guide (from 4.8% in 2026E), including a large step-up in 2027.”
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