Goldman Sachs lifts its market estimates on Ford Motor after the company increased Third Quarter North America production plans and introduced Fourth Quarter production guidance last week.
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Goldman Sachs continue to see significant upside in shares of Ford, which the firm believe will benefit meaningfully from a more rational industry structure, an improved competitive position, and still sizable cost save opportunities. The firms still maintains their $9.50 price target and Conviction Buy List rating on Ford.
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