Barclays Capitulates On Ford (F)... A Little

Barclays is capitulating a little on Ford Motor (NYSE: F), raising their price target from $4.50 to $7.00. The firm still has a Underweight rating on the stock. The firm also lowered their 2009 loss view on Ford from ($1.37) to ($1.10). The firm cited balance sheet moves and additional earnings power.

Barclays has been at Underweight on Ford since February when the stock was at $1.88 per share. Well Ford is up a whopping 280% since that time. So why would you listing to Barclays now?

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