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Shares of Ford Motor Company (NYSE:F) ticked upward on Wednesday, even after Bernstein analyst Daniel Roeska downgraded the stock from Market Perform to Underperform.
Roeska also slashed the price target from $9.40 to $7, citing concerns over future performance.
Ford navigates shifting trade policies under President Donald Trump's recently announced auto tariffs. The administration raised tariffs on imported vehicles from 2.5% to 25%, increasing pressure on automakers relying on global supply chains.
Despite the challenging environment, Ford executives are signaling steady resolve.
Andrew Frick, president of Ford's Blue and Model e divisions, highlighted the company's strong U.S. manufacturing presence during an appearance on Fox Business' Varney & Co.
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Frick stated that Ford assembles more vehicles in the U.S. and employs more American hourly workers than any other automaker, adding that the company backs domestic part sourcing and believes the White House is aligned with that approach, Fox Business reports.
According to USA Today, Ford continues to engage with federal officials to clarify how tariffs will affect parts imports.
Some components compliant with the United States-Mexico-Canada Agreement (USMCA) may still be exempt under existing trade rules, USA Today reports, citing people familiar with the discussions.
According to Benzinga Pro, F stock has lost over 35% in the past year. Investors can gain exposure to the stock via First Trust Nasdaq Transportation ETF (NASDAQ:FTXR).
Price Action: F shares are trading higher by 8.69% to $9.44 at last check Wednesday.
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