Written by Cláudio Afonso | LinkedIn | X
RBC Capital analyst Joseph Spak lowered on Monday the firm’s price target on Ford shares by $3 to $10.00.
The analyst, who reiterated the Sector Perform rating on the stock, said the company “has improved its dealer inventory position in July, so our revised estimates almost entirely coming from worsening price/mix might be too punitive”.
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“Still, many investors we have spoken to continue to favor GM given differing capital return profiles,” he noted.
Earlier today, Ford announced that will partner with TXU Energy to offer Texas-based Ford electric vehicle customers the TXU Energy Free EV Miles program, allowing them to charge their vehicles at home at no cost during off-peak hours.
The program provides up to 18 hours of free charging daily, helping customers save on energy costs while supporting grid stability.
In July, Ford sold 8,242 battery electric vehicles BEVs) in the U.S., up 31% year over year from 6,280 units.
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Written by Cláudio Afonso | LinkedIn | X
