Jefferies Maintains Buy on Ford

Jefferies is out with its report today on Ford F, maintaining Buy. In a note to clients, Jefferies writes, "Ford held a well-attended analyst day yesterday, the first material change to its long-term plan since mgmt outlined its Way Forward plan in 2007. While the meeting did not yield immediately actionable information, we thought the meetings served as a great reminder of the extraordinary progress this team has made, and upped the ante with ambitious mid-decade financial targets." Jefferies maintains a $19 PT on F. At the time of posting, shares of F were trading pre-market at $13.88, down 0.50% from Tuesday's close.