Ford Motor Co. F,
shares rose nearly 9% on Thursday, about to end in a three-year high and at the rate of its largest one-day increase rate since June 5th. Shares have risen for three consecutive sessions, gaining 23% during the period. Shares of Ford rose earlier this week thanks to an increase in Deutsche Bank’s target price and a $ 2.655 billion investment round for electric truck maker Rivian, which has the backing of Ford and others . Deutsche Bank analysts on Wednesday raised their target in Ford shares to $ 11, from $ 9, and maintained their stock rating. Analysts said they expected “strong volume growth in 2021” for the auto industry, due to “easy” comparisons with 2020, low inventories and “demand for comfort, privacy and induced protection. by COVID-19 “, as well as an American Democrat. Congress, which “could also lead to demand for large federal spending on infrastructure and vehicle electrification,” they said. Ford shares have gained 27% in the past two years, compared to gains of around 16% in the S&P 500 index. SPX,