Jefferies Upgrades Ford and General Motors, Citing Further Upside from Operational Recovery
🚗 Jefferies upgraded Ford and General Motors from Hold to Buy, raising its price target for GM from $90 to $99 and for Ford from $14.50 to $17.50.
📈 The outlook is supported by new product cycles, stable U.S. demand, recovering production and tighter cost controls. GM is expected to generate more than $10 billion in free cash flow by 2027, while Ford’s second quarter may mark the bottom of its production cycle.
🏭 The upgrades indicate improving sentiment toward traditional automakers, particularly their high-margin pickup and SUV businesses. GM shares rose about 2.1% in premarket trading following the announcement.
⚠️ The outlook still depends on upcoming earnings, U.S. consumer demand, interest rates, tariffs and EV transition costs. Overall, the signal is positive, but further gains will require clear improvements in earnings and cash flow.
#Automotive $GM.US $BTC $BNB
🚗 Jefferies upgraded Ford and General Motors from Hold to Buy, raising its price target for GM from $90 to $99 and for Ford from $14.50 to $17.50.
📈 The outlook is supported by new product cycles, stable U.S. demand, recovering production and tighter cost controls. GM is expected to generate more than $10 billion in free cash flow by 2027, while Ford’s second quarter may mark the bottom of its production cycle.
🏭 The upgrades indicate improving sentiment toward traditional automakers, particularly their high-margin pickup and SUV businesses. GM shares rose about 2.1% in premarket trading following the announcement.
⚠️ The outlook still depends on upcoming earnings, U.S. consumer demand, interest rates, tariffs and EV transition costs. Overall, the signal is positive, but further gains will require clear improvements in earnings and cash flow.
#Automotive $GM.US $BTC $BNB