Ford shares receive buy rating after positive Street initiation, market reacts mixed

From CNBC: 2024-05-23 12:01:19

Thursday’s CNBC Investing Club Morning Meeting covered U.S. stocks, with the Nasdaq hitting a record high after Nvidia’s stellar earnings report. U.S. Treasury yields rose following a strong S & P Global Manufacturing PMI, impacting the S & P 500 and Dow Jones Industrial Average. DuPont de Nemours announced plans to split into three companies, prompting a mixed market reaction. Bernstein initiated Ford Motor with a buy-equivalent rating and $16 price target. As a subscriber, trade alerts are received before Jim Cramer takes action, following specific guidelines. (Word count: 78)



Read more at CNBC:: We maintain our buy on Ford shares after a bullish Street initiation