Jefferies upgrades General Motors and Ford to buy, raises price targets
2026-07-27 11:06:04
According to CNBC, Jefferies upgraded General Motors and Ford Motor to buy from hold and raised its price target on GM to $99 from $90 and on Ford to $17.50 from $14.50. Analyst Philippe Houchois said GM's second-quarter results, which included an earnings and revenue beat and a 2026 guidance increase, supported the move, while Ford is expected to start rebuilding momentum after what he described as a second-quarter low point. Jefferies said GM's full-year pricing outlook was raised to 0.5%, that the company made progress on warranty costs, and that U.S. policy conditions have put earnings on a less risky path despite concerns over USMCA and oil prices. Houchois also said Ford's Q2 should mark a trough, with production set to normalize after disruptions tied to Novelis, and that management could raise guidance at the second-quarter report after the bell on Tuesday.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
