Lessened Bankruptcy Fears Lift Ford Shares

Despite reports that sales will be overtaken in 2007 by Toyota, analysts upgrade Ford based on new financing and new CEO

As of midmorning trading, shares of Ford Motor (F) are slightly higher for the third straight day as analysts upgraded the struggling automaker's stock, in spite of reports that Toyota (TM) will overtake Ford by mid-2007 in terms of sales volume. The optimism seems to be due to diminishing concerns that Ford will have to file for bankruptcy protection, its recent cash infusions, and even a certain amount of bullishness over some of the company's new products and new chief executive officer.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.