Ford Motor received a significant boost after Piper Sandler analyst Alexander Potter upgraded the stock from "Neutral" to "Overweight," simultaneously raising the price target by 45.45% to $16.00.
- CEO Jim Farley emphasized Ford’s longer-term tech narrative at CES, focusing on making advanced driver-assistance and future Level 3 autonomy widely affordable.
- This initiative includes developing an in-house AI assistant and a next-generation ADAS platform slated for Ford’s Universal Electric Vehicle architecture.
- Shares are trading modestly higher in the pre-market at approximately $13.81.