NEW YORK (TheStreet) -- Shares of Ford Motor Co (F) were driving higher by 1.67% to $15.55 in early market trading Wednesday, after analysts at Goldman Sachs upgraded the car maker to "buy" from "neutral" this morning.
The firm increased its price target to $19 from $18, citing Ford's "superior" growth outlook and its improving positioning in China.
Goldman expects earnings momentum to accelerate through 2016 driven by production of the new F-150 pick up truck.
Analysts noted that Ford is seeing strong truck pricing and has limited exposure to China.
The firm coupled the upgrade on Ford with a downgrade on General Motors (GM).
Also, Ford is testing a new car-sharing program that allows pre-screened customers to rent out vehicles from owners of Ford-financed vehicles, according to CNBC.
Dearborn, Mich.-based Ford is a manufacturer of automobiles, and is engaged in other businesses, including financing vehicles.
Separately, TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FORD MOTOR CO (F) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Among the primary strengths of the company is its generally strong cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."