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Ford Motor Co. Message Board

  • Shaggy_Dawg Shaggy_Dawg Feb 10, 2010 11:14 PM Flag

    StreetInsider_com--Ford Gets wall Street Love


    "Goldman [Sachs] is projecting the resurgence of Ford...

    Consequently the firm raised its 2010, 2011 and 2012 market share estimates for the Detroit-based auto maker to 16.25 percent, 16.75 percent and 17 percent respectively, from previous forecasts of 16.25 percent, 16.5 percent and 16.5 percent.

    Goldman also increased its estimate for earnings per share for 2010, 2011 and 2012 to 77 cents, $1.14 and $1.50 respectively from the previous expectation of 75 cents, $1.12 and $1.37.

    While the Toyota struggles and the more recent Honda Motor Co. (NYSE: HMC) faulty airbag recall, Goldman still sees the gain in market share for Ford coming from customers leaving Chrysler and General Motors.

    Goldman currently has a price target for Ford at $15 up from the $12 level before fourth quarter results..."

    More in the "Insiders Blog".

    JB, Shaggy's mom

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    • GS upped their Ford market share forecasts, but not for 2010. That makes no sense to me, especially If Toyota's troubles are the reason for their new projection.

    • gomek_didnot_wear_plaid gomek_didnot_wear_plaid Feb 10, 2010 11:54 PM Flag


      I see that this story is time stamped 4:55 pm so it was after market close. If Goldman released these targets after the close then we should see a positive move tomorrow. I think it was Goldman who last triggered a 5-6% pop by increasing their target to 12 when we were sub-10 a few weeks back. Am I right on that?

      On another front, while checking Schwab for additional insight into the Goldman news (none found) I ran across this Reuters news, which I'll excerpt here. Toyota's troubles mount. It isn't the damage to their finances directly through such actions that benefits Ford of course. It is the negative publicity to one of Ford's primary competitiors. Lost resale value on Toyotas is just another reason for prospective buyers to consider other brands.

      <<LOS ANGELES, Feb 10 (Reuters) - Added to a wave of personal injury lawsuits stemming from Toyota's massive recall, the automaker faces a growing number of consumer class-action cases -- more than 40 so far -- over the shrinking resale value of its cars.>>


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