[ad_1]
What happened
Shares of Ford Motor Company (NYSE: F) are up sharply today. The Blue Oval's shares are up 5.9% to $ 9.51 as of 11 am EDT after an upgrade from Goldman Sachs and a report that China may soon cut a tax on new-vehicle purchases.
Ford is about to launch its all-new Focus in China. Regul Chinese regul. Regul. Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Focus Source Image: Ford Motor Company.
So what
Two things smell of Ford's stock higher on Monday morning.
- Goldman Sachs analyst David Tamberrino issued a note in which he upgraded Ford to a buy and boosted price for Ford's shares to $ 12. Tamberrino said that he expects Ford's earnings to start improving in 2019 as a number of profit-boosting initiatives take hold. It was Tamberrino's first bullish on Ford in more than two years; he had maintained a "hold" on Ford since July of 2016.
- Bloomberg reported that Chinese regulators are considering sales, which fell 10% in the third quarter. The proposal is to be 10% tax on new vehicles. Ford's sales in China have been slumped over the last year as the company's products. introduction in China before the end of the year.
Monday, June 9, 2011, 9:02 am
Now what
Ford has recently made an effort to communicate more about CEO Jim Hackett's plans to revamp parts of Ford's business in a bid to boost profitability. That effort has begun to pay off as quickly as ever. Ford has to deliver.
[ad_2]
Source link
