Wells Fargo raises Ford Motor price target to $11

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Reviewed by
Radhika SScanX News Team
Key Highlights

Wells Fargo analyst Colin Langan maintains an Underweight rating on Ford Motor and raises the price target from $10 to $11.

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Wells Fargo analyst Colin Langan has maintained an Underweight rating on Ford Motor (NYSE: F) and raised the price target to $11. The adjustment follows a previous target of $10.

The rating reflects the analyst's stance on the stock's performance relative to the market. Ford Motor continues to trade on the NYSE under the ticker symbol F.

What specific factors might drive Ford's stock to reach the new $11 price target?

How could Ford's upcoming product launches impact its market performance relative to competitors?

What risks does Ford face that could justify the Underweight rating despite the raised target?

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Ford recalls 10,742 F-150 vehicles over unintended gear selection

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Reviewed by
Shriram SScanX News Team
Key Highlights

Ford is recalling 10,742 F-150 vehicles from the 2018 model year due to a risk of unintended gear selection when shifting from park to drive, as reported by the National Highway Traffic Safety Administration.

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Ford is recalling 10,742 F-150 vehicles from the 2018 model year due to a risk of unintended gear selection when shifting from park to drive. The recall was announced by the National Highway Traffic Safety Administration.

The specific safety concern involves the potential for the vehicle to select an unintended gear. This issue occurs specifically during the transition from park to drive.

Recall Details

The recall affects a specific range of vehicles identified by the manufacturer and the regulatory body.

Detail Information
Manufacturer Ford
Model F-150
Model Year 2018
Total Units Affected 10,742
Regulator National Highway Traffic Safety Administration

What is the estimated financial impact of this recall on Ford's Q3 earnings?

Could this issue extend to other Ford models or model years beyond the 2018 F-150?

How might this recall affect consumer confidence in Ford's transmission reliability?

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