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How Jim Cramer Would Play Ford Stock Ahead Of Q3 Earnings

How Jim Cramer Would Play Ford Stock Ahead Of Q3 Earnings
Ford Motor Co (NYSE:F) made new 52-week highs during Thursday's session following positive analyst coverage on the stock this week.

What Happened: Credit Suisse analyst Dan Levy upgraded Ford from Neutral to Outperform and raised the price target from $15 to $20.

The Credit Suisse analyst cited a significant turnaround underway at Ford. The company is no longer reporting disappointing quarterly results and has accelerated its transition to electric vehicles and the digital world, according to Levy.

JPMorgan analyst Ryan Brinkman also said he's positive on Ford ahead of earnings next week. The analyst announced a December 2022 $20 price target on the stock. Brinkman expects Ford to benefit from a strong pricing environment and solid production numbers.

Related Link: Ford Analyst Says 'Significant Turnaround' Is Underway At The Detroit Automaker
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