Ford (F) Could Benefit From Replacement Demand, Says EvercoreISI in 2027 Outlook

Group 1: Company Performance - Ford Motor Company reported record revenue of $50.5 billion, reflecting a 9% growth from the same period last year [3] - The net income for the quarter was $2.4 billion, with adjusted EBITDA of $2.6 billion [3] - The company demonstrated a solid cash position, posting an operating cash flow of $7.4 billion and free cash flow of $4.3 billion [3] Group 2: Market Outlook - EvercoreISI increased its price target on Ford to $12 from $10, maintaining an In Line rating on the shares [2] - The firm expects over 20% upside for the auto sector in the next year, driven by a shift from "25 Fears" to "27 Outlooks" [2] - Ford's Model e segment reported nearly $4 billion in losses over the last nine months, with a 61% YoY decline in EV sales, selling just 4,247 units [2] Group 3: Strategic Adjustments - Ford is making adjustments to its EV strategy and plans to launch its Universal EV Platform by 2027 [2] - The company is expanding its hybrid and commercial vehicle offerings [2]