Analyst BUY and SELL calls are frequently made fun of, but we have to give credit to Goldman Sachs, which earlier this week stuck its neck out and issued a BUY rating on shares of Ford (F). We couldn’t remember the last time we heard anyone mention a domestic car company and the word BUY in the same sentence, which is why we remembered it.
Talk about good timing. Shares of Ford are up 20% today, after the company’s narrower-than-expected net loss, and some surprisingly positive comments from CEO Alan Mulally about seeing the light at the end of the tunnel and not needing a bailout.
Business Insider Emails & Alerts
Site highlights each day to your inbox.