Ford Motor shares surged 4.99% to $14.43, reaching a new 52-week high, following a significant upgrade by Piper Sandler to "Overweight" (from "Neutral") with a price target increase to $16.00.
- The analyst upgrade is based on Ford's strategic pullback from aggressive EV plans, renewing emphasis on hybrids and gas vehicles to improve overall earnings.
- Piper Sandler projects this strategy shift will boost Ford's EBIT by about $1.5 billion in 2026.
- Sentiment is further supported by recent data showing rising U.S. market share and projected 6.0% annual sales growth in 2025, primarily driven by F-Series trucks.