S&P Equity Research Maintains BUY Opinion on Ford Motor Stock

October 04 00:00 2011

NEW YORK, October4 (RainbowNewsLine.com): Analyst Efraim Levy of S&P Equity Research maintains his BUY rating on shares of Ford Motor (NASDAQ: F).

Analyst Efraim Levy, in a research h note published yesterday, mentions that Ford Motor booked 8.9% higher September sales when compared to last year. Sharp increase in sales of higher utilities were seen mainly due to eased up gas prices which tend to be range bound for some time. Ford Explorer injected 204% in sales but growth remained slower from the August’s pace and even left behind by GM’s 20% gains, the analyst says. As the industry battle gains rhythm the analyst expects gains in sales to accelerate during fourth quarter. The car industry could avoid a significant hike in incentives, despite the replenishment of Japanese inventories, the analyst adds.