Morgan Stanley analyst Adam Jonas boosted his target price for Ford to $15. The carmaker has underperformed the markets amid a US sales boom. Jonas recently also recommended that investors think about taking some profits from Tesla holdings.
The contrast is vivid: over the past three years, Tesla shares have risen 70% while Ford shares have declined 30%. In 2017, Tesla surpassed Ford’s market capitalization and now has the 100-plus-year-old carmaker out-valued by over