Ford Motor Co
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Consumer Discretionary : Automobiles | Mid Cap Value
Company profile

Ford Motor Company is a global automotive and mobility company. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. The Automotive segment primarily includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories across the world. The Financial Services segment primarily includes its vehicle-related financing and leasing activities at Ford Motor Credit Company LLC. Ford Smart Mobility LLC is a subsidiary formed to design, build, grow, and invest in emerging mobility services. The Central Treasury Operations segment is primarily engaged in decision making for investments, risk management activities, and providing financing for the Automotive segment.

Closing Price
Day's Change
0.07 (1.17%)
B/A Size
Day's High
Day's Low
(Below Average)

10-day average volume:

Tesla's stock price target raised at Deutsche Bank ahead of deliveries, production update

6:48 am ET June 26, 2020 (MarketWatch)

Shares of Tesla Inc. (TSLA) gained 0.8% in premarket trading Friday, after Deutsche Bank analyst Emmanuel Rosner raised his price target to $900 from $850 ahead of the electric vehicle maker's second-quarter deliveries and production update. Rosner kept his rating at hold, as his new target is 8.7% below Thursday's closing price of $985.98. "Despite about 7 weeks of downtime at the Fremont plant, we think Tesla's 2Q global production could be in the mid-70K range, ahead of buy-side consensus in the mid-60s," Rosner wrote in a note to clients. Meanwhile, he doesn't believe Tesla was able to reach full Model Y production, and estimates about 10K-13K vehicles were made during the quarter. Tesla is slated to report deliveries and production next week, with Rosner saying it will likely be on July 2. Tesla's stock has more than doubled year to date (up 136%), while the S&P 500 has lost 4.6%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

June 26, 2020 06:48 ET (10:48 GMT)

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