Goldman Sachs upgrades Ford — and says the stock could rise 30% (F)

ford car manufacturing plantDavid Ramos/Getty

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Goldman Sachs has upgraded Ford to a buy rating from neutral, with a $ 12 price target that implies a potential 30% upside to the struggling automaker’s. 

“While we still expect a downward earnings trajectory into 2019 (North America profit under-pressure), we believe next year will represent trough earnings and the combination of a refreshed product cadence globally as well as cost improvements from strategic initiatives will begin to take hold,” David Tamberrino, Goldman’s automotive analyst, said in a note to clients Monday, according to the Detroit Free Press

See the rest of the story at Business Insider

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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