Ford Motor Co F,
Shares rose nearly 9% on Thursday, ending at their highest in three years and their highest one-day percentage increase since June 5. The stock has three live sessions, rising 23% during the period. Ford shares were boosted earlier this week by a price target increase by Deutsche Bank and a $ 2.65 billion investment round for electric truck maker Rivian, which is backed by Ford and others. Analysts at Deutsche Bank on Wednesday raised their target on Ford shares to $ 11, from $ 9, and kept their rating on the stock. Analysts said they expect strong volume growth for the automotive industry in 2021, due to ‘easy’ comparisons with 2020, low inventory and a ‘COVID-19-induced demand for comfort, privacy and protection’, as well as’ a democratic US. Ford shares have risen 27% over the past two years, compared to the S&P 500 index by about 16%. SPX,
