Information Provided By:
Fly News Breaks for January 15, 2019
Jan 15, 2019 | 08:24 EDT
Morgan Stanley analyst Adam Jonas said he "wouldn't get too excited" about Ford's (F) alliance with Volkswagen (VLKAY) as he believes Ford must tackle its fundamental and business model challenges mainly on its own. "Over 100%" of Ford's equity valuation is driven by the F-Series, which is largely independent from anything VW could offer, said Jonas, who keeps an Equal Weight rating and $10 price target on Ford shares.