Jefferies Financial Group upgraded Ford Motor Company to Buy from Hold on July 27, 2026. The firm increased its price target for the automaker to $17.50 from $14.50. This rating change occurs immediately before Ford releases its second-quarter earnings report.
Analyst Philippe Houchois cited a healthier U.S. auto market and improved capital allocation for the upgrade. He also highlighted stronger prospects for free cash flow.
Production levels are currently normalizing following previous supply chain disruptions. Jefferies suggests the second quarter may represent the low point for company margins. This positive outlook could lead Ford to increase its full-year guidance.