Workflow
Ford has a ‘Ferrari'? An unsung part of the business gets its due
Ford MotorFord Motor(US:F) Market Watch·2024-02-08 00:47

Ford Motor Co.’s stock shot higher Wednesday after a quarterly earnings beat, with analysts focusing on an unsung side of the business and an above-expectations 2024 guidance, but remaining cautiously optimistic about the carmaker. Ford Pro, Ford’s F, +3.50% unit dealing with fleets and commercial customers, “continues to be the hidden gem within Ford,” UBS analyst Joseph Spak said in a note Wednesday, echoing similar sentiment from several others.Ford late Tuesday guided for earnings before interest and ta ...