11:10 AM EDT, 10/24/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target by $2 to $15, based on a 2027 P/E of 10.0x, a justified premium to historic averages. We lower our adj. EPS estimates to $0.90 from $1.15 for 2025, to $1.10 from $1.25 for 2026, and introduce 2027 at $1.50. Following better-than-expected Q3 earnings, we raise our target but maintain a Hold rating. The shares are experiencing a relief rally following the release after the company quantified the expected earnings impact from the recent fire at the Novelis aluminum plant in upstate New York, a major supply source for its F-150 trucks. The big positive was that management expects to mitigate at least $1.0B of the $1.5B-$2.0B negative impact on adjusted EBIT, easing investor fears of an even worse scenario. We remain on the sidelines on valuation, taking a wait-and-see approach following the stock's run-up in recent months, as we continue to harbor some skepticism surrounding management's promised transformation into a company with sustainably stronger growth and margins.