Auto maker Ford Motor Company (F) on Friday caught some tepid commentary from analysts at UBS.
The firm maintained its “Buy” rating on F but lowered its price target to $15. That new target still suggests a massive 49% upside to the stock’s Thursday closing price of $10.09.
UBS also lowered its earnings estimates for the company, citing weak international performance that dragged down second quarter earnings.
Ford shares fell 19 cents, or -1.9%, in premarket trading Friday.
The Bottom Line
Shares of Ford Motor Company (F) have a 1.98% dividend yield, based on last night’s closing stock price of $10.09. The stock has technical support in the $8-$9 price area. If the shares can firm up, we see overhead resistance around the $11-$12 price levels.
Ford Motor Company (F) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.