Fly News Breaks for September 18, 2019
Sep 18, 2019 | 08:48 EDT
Morgan Stanley analyst Adam Jonas, in a note to investors titled "Ford Ready to Shock with BEV and Cost Savings?," said his conviction has increased, based on investor positioning and low expectations for Ford in the equity and debt market, that the company offering details around its battery electric vehicle plans and cost savings expectations can be catalysts for the stock. Ford has communicated $11B of restructuring charges, but hasn't made clear any annual savings targets so that consensus forecasts don't include them, Jonas said. He currently gives Ford credit for roughly $1B of restructuring savings and expects the company to outline its savings forecasts to the investment community within the next two quarters. Jonas, who also expect Ford's electrification strategy to shift from hybrids to battery electric over the next 24 months, reiterated his Overweight rating and $12 price target on Ford shares.
News For F From the Last 2 Days
Oct 17, 2019 | 06:06 EDT
Ford (F) is offering its all-electric vehicle customers North America's largest electric vehicle public charging network, with more than 12,000 places to charge, including fast charging, and more than 35,000 charge plugs - more than any other automotive manufacturer, addressing a big concern for those switching to all-electric cars. New Ford all-electric vehicles, including the Mustang-inspired SUV arriving next year, will come standard with a Ford Mobile Charger that can charge regardless of outlet power (120- and 240-volt outlets); for those with longer commutes or who want greater peace of mind, a Ford Connected Charge Station can fully power a vehicle overnight while they sleep. Ford is collaborating with Amazon (AMZN) in the U.S. for all your installation services - from 240V outlets to the Ford Connected Charge Station. Through FordPass on a mobile device or in each vehicle's on-screen dashboard, customers will be able to monitor charging at home, and easily find and pay for easy, one-stop charging at FordPass Charging Network stations.