Following Ford's (F) - Get Reportousting of its CEO Mark Fields today, Morgan Stanley analyst Adam Jonas suggested the automaker's new CEO Jim Hackett, previously head of the Ford's Smart Mobility arm, could begin further management shakeups.
Consequently, Jonas believes Ford's stock may perform worse before ultimately acting better.
Jonas also contended that Ford could extensively rework its overall mission statement, which is what Chairman Bill Ford and Hackett said they intended to do during a press conference today.
"Look for Ford to present itself as an AI, Machine Learning, Big Data, Tech Firm," Jonas wrote. "Some investors may be skeptical. It all comes down to the execution and time."
Shares of Ford were higher nearly 2% during early afternoon trading on Monday.