NEW YORK, March 7 (Reuters) - Ford Motor Co's shares have risen 800 percent in little more than a year; and it could be time for investors to take profits, Barron's publication said on Sunday.
The rise in Ford's shares is well grounded, Barron's says, after exceeding recent sales expectations; but still, the U.S. auto industry faces a bumpy road. Ford's shares haven't been this high since 2005, it said.
Barron's says that Ford expects sales growth to continue. 'But that doesn't mean its shares will accelerate,' the publication says. Keywords: FORD BARRON'S (Editing by Diane Craft; megan.davies@thomsonreuters.com ; +1 646 223 6112; Reuters Messaging: megan.davies.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The rise in Ford's shares is well grounded, Barron's says, after exceeding recent sales expectations; but still, the U.S. auto industry faces a bumpy road. Ford's shares haven't been this high since 2005, it said.
Barron's says that Ford expects sales growth to continue. 'But that doesn't mean its shares will accelerate,' the publication says. Keywords: FORD BARRON'S (Editing by Diane Craft; megan.davies@thomsonreuters.com ; +1 646 223 6112; Reuters Messaging: megan.davies.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.