Ford's Upcoming Electric Vans, Trucks Positioned To Boost Profitability, Analyst Says
Ford Motor(F) Benzinga·2024-08-23 00:41
BofA Securities analyst John Murphy maintained a Buy rating on Ford Motor Co F with a price target of $20.The price target reflects an EV/EBITDAP multiple (EV/EBITDA adjusted for pension) of roughly 4x on Murphy’s 2025 estimates, considering the timing of the cycle and the company’s imminent execution of something analogous to the analyst’s Core to Future transition framework.On Aug. 21, Ford announced several changes to its product plans that should help improve the profitability and capital efficiency of ...