This morning analysts at Credit Suisse upgraded F shares to Neutral from Underperform, lifting F’s price target to $18.
Analyst Christopher Ceraso from Credit Suisse said the automaker has a stronger balance sheet today than it did a year ago, with net debt of about $2 billion compared with more than $15 billion last April, and he wrote that despite a strong run in share price in the last half of 2010, the stock is only up about 11 percent since April of last year.
Ford Motor Company is currently trading at $15.66. The stock is up 3.30% from its previous close. Ford Motor Company stock touched the high of $15.66and lowest price in today’s session is $15.39.
The analysts are of the opinion that a strong earnings report could make Ford shares get above the $17 level. The company is expecting earnings results on or around April 28.