JPMorgan Maintains an Overweight Rating on Ford Motor Company (F)

Ford Motor Company (NYSE:F) is one of the best affordable stocks to buy under $20. On October 20, JPMorgan analyst Ruyan Brinkman maintained an Overweight rating on Ford Motor Company (NYSE:F), lifting the price target on the stock to $14 from $13.

The rating update came as part of a Q3 preview for the autos group, with the firm stating that it raised estimates for the auto suppliers (its preferred sector segment) because of favorable trends in commodities and currencies and stronger global light vehicle production.

The firm also slashed estimates for rental car companies, citing more aggressive pricing for them and a rise in low-cost imports for tiremakers.

Ford Motor Company (NYSE:F) manufactures, distributes, and sells automobiles. It operates through the following segments: Ford Blue, Ford Model E, Ford Pro, Ford Next, Ford Credit, and Corporate Other. It is the third-best affordable stock under $20 to add to your portfolio.

While we acknowledge the potential of F as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.