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Shares of Ford Motor Co.
F + 6.79%
Non-market sales rose 4% on Monday, after Goldman Sachs became optimistic for the automaker for the first time in more than two years, citing the hope that next year's profits will be the same. lower. Analyst David Tamberrino raised his rating for the purchase, after remaining neutral since July 29, 2016. He raised his stock price target to $ 12, or 34% more than the stock price. closing of 8.98 USD Friday. "While we are still forecasting lower earnings in 2019 (North America's earnings underpressure), we believe next year will be an unmatched profit.," Tamberrino wrote in a note to customers. With investors feeling skewed in favor of rival General Motors Co.
GM + 4.75%
He believes that any announcement about underperforming products or regions will be seen positively. Ford's stock fell 28% until Friday, while GM shares fell 20% and the S & P 500.
SPX, + 1.71%
decreased by 0.6%.
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