Goldman Sachs Lowers Ford Price Target to $14.00

Ford Motor (NYSE: F) has seen its price target reduced by analysts at The Goldman Sachs Group from $16.00 to $14.00, as reported on Tuesday. The brokerage maintains a "neutral" rating on the stock, suggesting a potential upside of 15.22% from the previous close of $12.15.

Other analysts have also adjusted their views on Ford. Zacks Research downgraded the stock from "strong-buy" to "hold," while Barclays increased its target price from $13.00 to $14.00 with an "equal weight" rating. Wall Street Zen downgraded Ford from "buy" to "hold," and BNP Paribas Exane raised its target price to $14.50 with a "neutral" rating. Jefferies Financial Group, however, upgraded Ford from "hold" to "buy," setting a target price of $17.50.

The stock currently has a consensus "Hold" rating among analysts, with an average target price of $15.55. Institutional investors have also been active, with several increasing their stakes in Ford during the third quarter. Central Pacific Bank Trust Division, Rosenberg Matthew Hamilton, Eastern Bank, CX Institutional, and Versant Capital Management all boosted their holdings.

Ford reported quarterly earnings of $0.42 per share, exceeding estimates of $0.33, with revenue of $48.30 billion. The company's stock has a market capitalization of $48.45 billion and a beta of 1.93, indicating higher volatility compared to the market.