Ford EV Pivot Wins Praise As 'Rational Response' To Cooling Demand
Ford Motor Company (NYSE:F) is pivoting away from electric vehicles (EVs) and at least one analyst is praising the move.The Analyst: RBC Capital Markets analyst Tom Narayan maintained a Sector Perform rating on Ford, with a $12 price target.The Analyst Takeaways: Due to lower-than-expected EV demand, Ford is restructuring its strategy, Narayan said in a new investor note.Read Also: Ford Motor Reports Better-Than-Expected Q3 Earnings: What To KnowAmong the coming changes:Exiting the BlueOval SK joint venture ...