1 Wall Street Analyst Thinks Ford Stock Is Going to $17. Is It a Buy?
After a slow start to the year, Ford Motor Company (NYSE: F) stock has been charging higher over the last month. Its nearly 24% gain in the past month has boosted the year-to-date return to almost 19%. Yet Ford stock has still gone effectively nowhere over the last one- and three-year periods.
But one Wall Street analyst sees its recent gains continuing.
analyst Dan Levy thinks strong demand and stable pricing will lead the company to raise guidance. He believes investors should buy Ford stock and bumped his price target up by $1 to $17 per share. That implies a gain over the next 12 months or so of 17% from Wednesday's closing price.
Source Fool.com
