Ford Motor reported better-than-expected earnings after the bell on Tuesday, prompting Citigroup to upgrade the stock from neutral to buy on Wednesday. The bank set a price target of $20, representing a potential upside of 33% from Tuesday’s close. Second quarter 2026 EPS came in at $0.42 versus $0.14 last year. Analyst Michael Ward also raised his 2026 estimate to $1.90 per share from $1.75, citing accelerated F-series production in the second half. Ford shares rose more than 7% in early trading Tuesday.
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