In addition, Ward said, "demand in China has been better than expected and expansion of the Lincoln brand should be a plus for Ford."
Ward also introduced a price target of $10 a share, which is 38% above Friday's closing price of $7.25.
Ford (F.US) stock is testing major resistance level at $7.80. Should buyers manage to uphold momentum, then another upward impulse towards $8.49 could be launched. Source: xStation5Micron and the Unprecedented Memory Shortage. What It Means for the Market? 🚨
Daily summary: Banks and tech drag indices up 🏭US industry stays strong
Largest in its class: What do BlackRock’s earnings say about the market?
US OPEN: Bank and fund earnings support valuations.