NEW YORK, NY / ACCESSWIRE / October 19, 2017 / Shares of Ford closed down modestly despite a big announcement about a recall that will affect 1.34 million Ford trucks and a cost of $267 million to fix them. Shares of IBM galloped ahead after a strong third quarter report on Tuesday and analysts upping their price targets.

RDI Initiates Coverage on:

Ford Motor Company
http://www.rdinvesting.com/report/?ticker=F

International Business Machines Corporation
http://www.rdinvesting.com/report/?ticker=IBM

Ford Motor Company's shares closed down a modest 0.65% on Wednesday with nearly 31 million shares traded. The automaker announced yesterday that it would be recalling 1.34 million 2015 to 2017 Ford F-150 and 2017 Ford Super Duty Trucks in North America. The recall is to add water shields to side door latches which will run the company $267 million. According to Ford, the safety recall is because a frozen door latch or bent or kinked actuation cable is in the affected vehicles and it may result in the door not being able to open or close. According to company spokeswoman Elizabeth Weigandt, customers will be notified next month. Weigandt remarked, "When the data indicates a safety recall is needed, we move quickly." Unfortunately, the recall will affect the company's fourth-quarter results but Ford still forecasts full-year adjusted earnings in the range of $1.65 to $1.85 a share.

Access RDI's Ford Motor Company Research Report at:
http://www.rdinvesting.com/report/?ticker=F

International Business Machines Corporation's shares closed up nearly 9% yesterday on colossal trading volume compared to usual. Trading volume at a little over 30 million shares was roughly 8 times as compared to the stock's average volume of just under 4 million shares. The stock's gain gave the Dow a strong boost on Wednesday, helping it go above 23,000 for the first time. IBM reported a strong third-quarter earnings report late Tuesday afternoon that had analysts rushing to up their price targets. For the third quarter, EPS came in at $3.30, versus the $3.28 that was expected by the Street. Revenue at $19.15 billion was also higher than the $18.6 billion that analysts had expected. Citigroup raised its price target on the stock from $160 to $165 but maintained a "neutral" rating. UBS analyst Steven Milunovich raised his target from $152 to $160 with a "neutral" rating as well. According to Ittai Kidron, an analyst at Oppenheimer, next year, "looks to be a key year for IBM to prove its successful evolution. However, IBM's ability to reverse persistent gross-margin pressure remains an open question."

Access RDI's International Business Machines Corporation Research Report at:
http://www.rdinvesting.com/report/?ticker=IBM

Our Actionable Research on Ford Motor Company (NYSE: F) and International Business Machines Corporation (NYSE: IBM) can be downloaded free of charge at Research Driven Investing.

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