By Leftlane Staff
Monday, Aug 14th, 2006 @ 10:39 pm

Analysts are now upbeat on buying shares of Ford , which has seemingly hit rock bottom in terms of negative announcements. Prominent analyst Peter Nesvold raised his rating on the automaker from “underperform” to “outperform.” In other words, Mr. Nesvold thinks now would be a good time to “buy low.” He said good news from Ford’s massive restructuring is on the way, following a slew of negative headlines in recent months. Meanwhile, Nesvold said he feels there isn’t much more good news on the way from GM, and future improvements will depend upon a sales recovery. The Leftlane Perspective: With job cuts out of the way and Zeta-based vehicle not arriving until 2009, GM will be on the slow and steady path in the near term. On the other hand, the industry is holding its breath to see what Ford will do.

16 Comments