Ford remains the Morgan Stanley analyst's top pick despite recent underperformance.
Ford Motor can make up ground after significantly underperforming competitor General Motors , according to Morgan Stanley . Adam Jonas, a well-known auto analyst at the investment bank, said Ford remains his top pick in the auto sector. That's despite the stock sliding around 2% over the past 6 months, while GM shares have climbed about 34% over the same period.
As the excitement around EVs has cooled, investor interest has turned instead to how car companies will preserve cash. "We see an opportunity for Ford narrow the gap by moving the needle toward capital discipline," Jonas told clients in a Monday note. Given an ongoing "unwind" in the electric vehicle story, he said Ford has the potential to flip the stock performance.
Stock Markets Ford Motor Co General Motors Co Morgan Stanley Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan & Morgan CEO backing Florida amendment for recreational marijuanaJohn Morgan, a fan of marijuana himself, has argued that cannabis ought to be treated in the same manner that wine and beer are.
Read more »
Power Ballad Cast Adds Jack Reynor to Nick Jonas & Paul Rudd Comedy30WEST and Likely Story has officially tapped Jack Reynor to join the Power Ballad cast for John Carney's next musical comedy movie.
Read more »
Joe Jonas's New Unreleased Breakup Anthem Seemingly References Sophie TurnerJoe Jonas posted a TikTok of himself lip synching to his new song: a breakup anthem that seemingly references Sophie Turner amid their divorce. See the lyrics, here.
Read more »
Joe Jonas’ New Song Shades Sophie Turner Amid Divorce, Custody BattleHis fans already deemed it the Song of the Summer.
Read more »
Is Joe Jonas’s New Music About Sophie Turner Divorce?Joe Jonas shared a snippet of new music in which he sings about feeling ‘so miserable’ in the wake of his divorce from Sophie Turner. Based on the teaser alone, it seems that Turner is winning the breakup.
Read more »
Joe Jonas Confesses That ‘Even Baddies Get Saddies’ With New Song TeaserJoe Jonas took to TikTok to share a snippet of new music with the caption 'even baddies get saddies' on Wednesday (May 29). Get all the details.
Read more »