Sign up for our Moneywise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.
The bull call
In a recent note to investors, Tigress reiterated their ‘buy’ rating on auto giant Ford and planted a new price target on the stock of $22. That target represents upside of about 70% from Ford’s current levels.
Ford shares have plummeted in 2022 on investor fears over the entire sector, but Tigress sees the stock bouncing back in relatively short order.
Contemporary art has outperformed the S&P 500 by 131% for the past 26 years. Join the exclusive platform to invest in million-dollar works by artists like Banksy, Basquiat, and more. Get started today and diversify your portfolio with art.
Learn MoreThe bull case
Tigress likes Ford’s combination of stability (from its gas-powered vehicles) and growth (from its aggressive switch to electric vehicles).
“Ford will continue to benefit from its leading position in full-size pickup trucks and SUVs, the ongoing execution of its long-term EV production and battery technology development plans, and the successful acceleration of the introduction and production of several new EV models,” Tigress CIO Ivan Feinseth wrote last week.
Feinseth noted that Ford’s recent launch of the F-150 Lightning — already sold out of its 2022 production run — puts the company ahead of its rivals in the EV pickup market.
“The recent pullback in price also creates a compelling entry point and value as it begins its ongoing ramp-up of EV production following the recently announced production transformation, forming two distinct manufacturing business units highlighting EV production success and unlocking value.”
Buy-and-hold, too?
Tigress also noted that demand for Ford’s gas-powered trucks and SUVs remains strong all while its scales up its EV production, giving investors attractive short- and long-term upside.
“Ford’s ongoing rollout of new products along with international expansion and consistent long-term history of returning cash to shareholders will drive greater long-term shareholder value creation.”
Ford currently offers a dividend yield of 3.2%.
Sign up for our Moneywise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.
Acorns rounds your everyday purchases to the nearest dollar and invests your spare change. That means any spare change from your daily spending – gas, coffee or groceries – will go towards building your wealth. Get up to $20 when you sign up with this special link.
Get StartedMore from Moneywise
- ‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 beaten-down tech names that are still posting white-hot revenue growth
- Goldman Sachs likes these 3 top dividend stocks yielding as high as 7.6% — in a manic market, locking down a growing income stream makes sense
- Warren Buffett just said he doesn’t own bitcoin because ‘it isn’t going to do anything’ — he’d rather own these 2 tangible assets instead
Sponsored
Meet Your Retirement Goals Effortlessly
The road to retirement may seem long, but with WiserAdvisor, you can find a trusted partner to guide you every step of the way
Wiseradvisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.