Wall Street Walks Away From Ford as CEO Farley Flounders

Core Viewpoint - Wall Street is losing confidence in Ford Motor Co. under CEO Jim Farley's leadership, with analysts questioning his focus and effectiveness in managing the company [4][7][9]. Financial Performance - The consensus target price for Ford's stock is $11.05, while it currently trades at $12.09, indicating a slight overvaluation [2]. - Ford's share price has increased by less than 11% over the past year, compared to a 14% rise in the S&P 500 and a 31% increase for General Motors [2]. Leadership and Management Concerns - CEO Jim Farley is criticized for not dedicating enough time to core business operations, as evidenced by his involvement in a summit unrelated to Ford's immediate business needs [5][6]. - Analysts express concern over Farley's focus on non-essential activities, such as his podcast, which does not contribute to managing the company or attracting customers [8][9]. Electric Vehicle and Recall Issues - Analysts highlight Ford's struggles in the electric vehicle market and significant recall problems as major reasons for their lack of confidence in the company [7]. - Ford's recall issues have been severe, with the company facing a recall of 1.1 million vehicles for rearview camera problems, further damaging its reputation [11].