Ford upgraded to Outperform from Neutral at Credit Suisse

Credit Suisse analyst Dan Levy upgraded Ford Motor to Outperform from Neutral with a price target of $20, up from $15. In the past year, the analyst has seen a "significant turnaround" at Ford. The company has ended its cycle of quarterly earnings disappointments and its transition to electric vehicles has "sharply accelerated," Levy tells investors in a research note. The analyst believes "there is more opportunity ahead," saying Ford will not only benefit from improving fundamentals, but also changing its perception on long positioning in electric vehicles and digital.