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Ford outlook raised by analyst

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Ford outlook raised by analyst

By BRENT SNAVELY

FREE PRESS BUSINESS WRITER

Barclays Capital automotive analyst Brian Johnson upgraded his price target for Ford shares to $16 from $15 today due to an expectation that the company’s earnings will increase because of better profit margins.

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Over the past six months, Ford’s share price, which closed at $11.87 on Wednesday, has lagged the broader market, Johnson said in a research note today.

“However, investors appear to be ignoring the fundamental increase in Ford’s earnings power even in a slower growth environment,” Johnson said.

Johnson said Ford’s ability to sell its cars and trucks at higher prices as well as cost cuts in recent years puts the company in a position to increase its profits as the economy recovers.

Ford’s stock rose 55 cents, or 4.6% in trading today to $12.42.

Read more: Ford outlook raised by analyst | freep.com | Detroit Free Press http://www.freep.com/article/20100916/BUSINESS01/100916028/1210/business01/Ford-outlook-raised-by-analyst#ixzz0zjYieyGD

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