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Ford upgraded to buy by Deutsche

 (Image source: freep.com)

Shares of the automaker Ford Motor Company (NYSE:F) were upgraded from hold to buy by Deutsche Bank AG (USA) (NYSE:DB). The price target was raised from $18.50 to $19 a share. Deutsche cited Ford’s strong sale gains in China and the new F150 built with aluminum being more cost competitive as reasons for the upgrade. Ford is currently trading slightly higher on the upgrade.