Ford Shares Get Boost From Wall Street
Ford Motor Co. got a serious boost from Goldman Sachs Thursday when the investment bank raised its rating and share price target on the automaker, and minimized the chance that it would face bankruptcy in the next 18 months. “We are adding Ford shares to the Conviction Buy List with a six-month price target of $6 and raising our sector Coverage view to Neutral from Cautious, wrote Goldman Sachs’ Patrick Archambault. “Our call is driven by the almost unprecedented structural change facing the industry, which we think…
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Topics: goldman-sachs, consumer, analyst-stephen, conviction, cars