Ford stock could climb another 12% on a refreshed vehicle lineup and a boost from inflation, JPMorgan says

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JP Morgan reiterated its "overweight" rating and increased its price target to $18 on shares of Ford this Friday.
Ford Maverick. Ford

Ford stock could jump 12% to $18 per share, according to JP Morgan.

Analysts led by Ryan Brinkman said Ford will benefit from rising car prices and its new vehicle lineup.

Ford is expected to release a new small pickup truck called the Maverick on June 8.

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Ford stock could climb another 12% with a boost from its refreshed vehicle lineup and inflation, JP Morgan says.

In a note to clients on Friday, JP Morgan analysts led by Ryan Brinkman reiterated their "overweight" rating on shares of Ford and increased their price target to $18 from $16.

The price target represents a potential 12% jump from Thursday's closing share price.

Brinkman and his team said they expect Ford to benefit from the improved…
Will Daniel
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