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Ford Motor Company (NYSE:F) is included among the 10 Best Robinhood Stocks to Buy According to Billionaires.

Citigroup Keeps Neutral Rating on Ford Motor (F) After Target Cut

On May 4, Citi cut its price recommendation on Ford Motor Company (NYSE:F) to $13 from $13.50. It reiterated a Neutral rating on the stock.

That same day, Ford reported that its US sales for April fell 14.4% year-over-year to 178,667 vehicles. Sales of electrified vehicles dropped 31.1% to 19,413 units, and EV sales were down 24.8% to 3,655 units, while hybrid sales declined 32.5% to 15,758. Trucks remained Ford’s largest category, with 100,459 units sold in April. SUVs followed with 72,378 units, though both segments saw declines from last year. Car sales were one of the few bright spots, rising 18.4% to 5,830 units.

The F-Series pickup continued to lead Ford’s lineup with 62,048 units sold during the month, even as sales slipped 14.7% from a year earlier. The Explorer SUV managed a small gain, reaching 21,191 units. Higher oil and gas prices tied to the ongoing conflict in the Middle East have added pressure on consumer spending. Buyers have also remained careful as borrowing costs stay high, and vehicle prices continue to climb across the US auto market.

Ford Motor Company (NYSE:F) develops and sells Ford trucks, SUVs, commercial vans, and cars, along with Lincoln luxury vehicles and connected services. Its business is divided into Ford Blue, Ford Model e, Ford Pro, and Ford Credit.

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