Ford: The Last Brutal Quarter

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Shares of Ford Motor (F Quote) have started to gain a lot of Street cred. After bottoming at $1.70 on March 6, the stock went on to rise in 10 of the next 11 sessions, hitting $2.90 on March 23. After moving sideways into early April, the stock again rose in seven out of eight sessions, and recently traded hands at $4.30. Ford still has its detractors: A Credit Suisse analysis suggests the stock is worth no more than $3.

(Goldman Sachs upgraded Ford to a buy on Wednesday with a $6 price target, but this column looks more closely at the bear case issued by Credit Suisse.) ...