S&P Capital IQ Maintains its BUY Opinion on Ford

October 28 00:00 2011

New York, October 28 (RainbowNewsLine.com) – Analyst Efraim Levy of S&P Capital IQ maintains his BUY rating on the shares of Ford (NYSE: F).

Analyst Efraim Levy, in a research note published yesterday mentions that the company reported its Q3 EPS below the estimates. According to the analyst, the rise in commodity prices could affect the hedging activities of the company, while a non-cash item that could reverse more than accounted for the Q3 underperformance. Although Q4 production plans are below projection and certain UAW contract related payments are to be made, the analyst believes that Ford is being steered in the direction to drive annual operational pretax profits higher, even as it invests in emerging market growth, the analyst says. There will be a modest dividend payout in early 2012, analyst adds.

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