Ford upped to overweight by Barclays on electric-vehicle view

Ford Motor Co.
F,
-1.58%
was upgraded to overweight from equal weight and its price target lifted to $16 from $9 by Barclays. Analyst Brian Johnson said a deep dive into Ford Europe and its alliance with Volkswagen
VOW3,
+2.24%
makes the firm more comfortable with the margin improvement outlook. “More importantly for the multiple, Ford (leveraging the VW MEB platform) will likely shift much more aggressively than consensus believes toward BEV in the 2025-2030 period. Furthermore, based on recent comments at conferences and our discussion with Ford management, Ford will likely highlight at its Spring Investor Day a BEV strategy centered around two dedicated BEV platforms,” said Johnson.