Ford remains the Morgan Stanley analyst's top pick despite recent underperformance.
Ford Motor can make up ground after significantly underperforming competitor General Motors , according to Morgan Stanley . Adam Jonas, a well-known auto analyst at the investment bank, said Ford remains his top pick in the auto sector. That's despite the stock sliding around 2% over the past 6 months, while GM shares have climbed about 34% over the same period.
As the excitement around EVs has cooled, investor interest has turned instead to how car companies will preserve cash. "We see an opportunity for Ford narrow the gap by moving the needle toward capital discipline," Jonas told clients in a Monday note. Given an ongoing "unwind" in the electric vehicle story, he said Ford has the potential to flip the stock performance.
Stock Markets Ford Motor Co General Motors Co Morgan Stanley Business News
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