Evercore ISI sees Ford supplier's plant fire hitting F-Series output

Evercore ISI sees Ford's F.N aluminum supplier's plant fire hitting F-Series output, $500 mln to $1 bln EBIT impact or $1.50 to $2 hit to co's stock

A fire that broke out at Novelis' New York aluminum plant last month will disrupt business at Ford and other automakers for months, Wall Street Journal reported on Monday

"Ford traded down 6% yesterday to $11.92 but we short-term downside to $10 to $11," Evercore says

Three of 25 brokerages rate the stock "buy" or higher, 19 "hold" and three "sell" or lower; their median PT is $11 - data compiled by LSEG

As of last close, shares up about 20% YTD