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F

Ford

$10.79

0.03 (0.28%)

09:01
05/19/17
05/19
09:01
05/19/17
09:01

Ford invests $350M in Livonia Transmission Plant, to create or retain 800 jobs

Ford is investing $350M in its Livonia Transmission Plant, adding a new transmission to expand its lineup of fuel-efficient powertrains as part of the company's plan to fortify its core automotive business. The company will create or retain 800 hourly jobs to support production of the new transmission. Ford expects to begin adding jobs late this year, with the majority coming next year and in 2019. "We remain committed to American manufacturing and investing in our people and facilities," said Joe Hinrichs, Ford president, The Americas. "Even as the industry's largest employer of hourly workers in the United States and biggest producer of American-made vehicles, we believe it is important to continue investing right here in our home market." This investment in Livonia Transmission Plant is in addition to $1.4 billion and 500 created or retained hourly jobs announced for the plant in 2016 to support production of a new 10-speed transmission for the 2017 F-150 Raptor and certain other F-150 trucks. Ford's investments are supported by a strong partnership with the UAW, as well as with federal, state, county and local governments. The investment supports production of a new, advanced transmission for front-wheel-drive vehicles. This transmission will provide customers better-performing, more fuel-efficient vehicles. It will share software, design elements and manufacturing processes with the 10-speed and other future transmissions.

F Ford
$10.79

0.03 (0.28%)

02/10/17
JEFF
02/10/17
NO CHANGE
Target $36
JEFF
Hold
Jefferies switches preference to Ford from General Motors
Jefferies analyst Philippe Houchois switched his preference to Ford Motor (F) shares from General Motors (GM) after upgrading the former to Hold. The analyst keeps a Hold rating on GM with a $36 price target. Matching last years' $6B-plus adjusted free cash "is looking challenging," Houchois tells investors in a research note.
02/10/17
02/10/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Ford (F) upgraded to Hold from Underperform at Jefferies with analyst Philippe Houchois upgraded Ford (F) Motor to Hold saying the company's "bad news" in the last six months has been sufficiently priced into the shares. While cyclical risks remain, Ford should benefit the most of the big three from infrastructure spending, border adjusted tax reform and exposure to a Russian auto recovery, Houchois tells investors in a research note. He raised his price target for the shares to $12 from $10. 2. CSX (CSX) upgraded to Outperform from Market Perform at Avondale. 3. Jack in the Box (JACK) upgraded to Buy from Hold at SunTrust with analyst Jake Bartlett saying he expects the company to benefit from fewer discounts in the sector and market share gains going forward. 4. Cigna (CI) upgraded to Outperform from Sector Perform at RBC Capital with analyst Frank Morgan saying the company is well positioned as a standalone entity. The analyst believes Cigna has "multiple positive levers" to drive earnings higher and sees a likelihood for "significant" capital deployment. Morgan raised his price target for the shares to $172 from $151. 5. Enerplus (ERF) upgraded to Outperform from Market Perform at BMO Capital with analyst Ray Kwan citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/26/17
GSCO
02/26/17
DOWNGRADE
Target $41
GSCO
Neutral
Allison Transmission downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Jerry Revich downgraded Allison Transmission (ALSN) to Neutral from Buy with an unchanged price target of $41. The manufacturer of fully-automatic transmissions for trucks closed Friday up 24c to $36.79. The stock, currently trading at an 8% free cash flow yield versus 13% in Sept. 2013, offers limited upside and a balanced risk/reward profile, Revich tells investors in a research note. He also believes that the range of competitive transmission options is rising. Ford (F) is gaining share with its automotive engine and transmission, Revich points out.
05/02/17
JPMS
05/02/17
NO CHANGE
JPMS
Overweight
Ford truck demand healthy in April, says JPMorgan
JPMorgan analyst Ryan Brinkman noted that Ford's April sales of its least profitable class of vehicles - cars - fell by about 18% compared to last year, while its most profitable segment - trucks- declined by "a much more modest" 0.6% and F-Series sales rose 3.7% from last April. Ford's average transaction prices increased strongly and by a good deal more than the industry, Brinkman also noted. He keeps an Overweight rating on Ford shares, which are down about 4% in afternoon trading.

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