Street View: Ford, a cost-control and recovery story despite tariff and Novelis drag

Ford's F.N quarterly core profit halves to $1 billion after higher‑than‑expected costs from a supplier fire, but CEO Jim Farley says he expects a strong year as the company cuts costs and sharpens its vehicle lineup

Shares up 1.47% before the bell

ANALYSTS ARE… SURPRISINGLY CHILL?

UBS ("neutral," PT: $15) says co's quarter would have been a 69% beat without the $900 million tariff‑recovery headwind, adding that despite execution and market risks, co's underlying profit power looks stronger heading into 2027 as temporary aluminum‑related costs fade

Morgan Stanley ("equal weight," PT: $14) says 2026 EBIT guide was dragged below expectations largely by higher Novelis‑related aluminum and tariff costs that should ease once the supplier resumes normal production

Barclays ("equal weight," PT: $13) says Ford's outlook "cleared the bar," with its $9 billion midpoint for 2026 EBIT and stronger‑than‑expected free‑cash‑flow guide seen as modest beats

Morningstar (fairvalue: $16 ) says "We are glad to see continued progress in cost control and see potential for positive 2026 earnings surprises, provided no US recession"