Wells Fargo Maintains a Sell Rating on Ford (F) After Q1 Report

In a report released on May 19, Colin Langan from Wells Fargo maintained a Sell rating on Ford Motor Company (NYSE:F) and set a price target of $10.00.

The rating came after the company reported its fiscal Q1 2025 results on May 5. Revenue for the quarter took a hit, dropping to $40.7 billion and reflecting a 5% decrease from the same period last year. This was attributed to a reduction in wholesales due to the planned shutdown of certain plants related to inventory rebalancing measures and new product launches.

Ford Motor Company (NYSE:F) also reported a notable drop in net profit, which went from $1.33 billion last year to $471 million this quarter. The company has suspended its financial guidance because of tariff-related uncertainty, which includes adjusted free cash flow and full-year adjusted EBIT.

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