fintech / news / / CNBC
UBS upgraded Ford Motor to buy from neutral.
UBS upgraded Ford to 'buy' from 'neutral' despite recent concerns over aluminum and gas prices.
KEY POINTS
- Ford has hedged its aluminum exposure for 2024, reducing risk from recent price spikes.
- Steel pricing for Ford is already contracted through 2026, limiting commodity cost uncertainty.
- UBS projects Ford could reach $3 EPS after 2027 due to product and regulatory advantages.
COMPANIES
Summarized by Newsio from CNBC. How we summarize →