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Ford in great shape today on Wall Street. The title of the Detroit auto giant marks + 3% approximately at 12.88 dollars. The assist came today from Barclays who updated his Ford valuation to overweight from the previous neutral and target price of $ 16.
Barclays analysts expect the US auto company to announce a broader strategy dedicated to battery-powered electric vehicles during its spring investor day. Investor Day is seen by Barclays as a very important catalyst in which Ford will “likely reaffirm that it is moving away from its flexible propulsion approach and highlight its BEV strategy centered on two dedicated BEV platforms.