Ford stock jumps after Piper Sandler upgrade as eyes-off driving plan comes into view
Ford stock was up about 4.5% at $14.36 in morning trade on Thursday after Piper Sandler upgraded the automaker and raised its price target. Shares have traded between $13.78 and $14.39 so far. Piper Sandler lifted Ford to “overweight” from “neutral” and raised its target to $16 from $11, saying the company’s electric-vehicle “capitulation” was a “welcome development” — “overweight” is its call for the shares to outperform.
