Ford’s  (F) – Get Report new management and better than expected third-quarter earnings will provide a near-term catalyst for the auto-making giant, according to a Benchmark analyst, who upgraded the company to buy from hold.

Analyst Michael Ward also introduced a price target of $10 a share, which is 38% above Friday’s closing price of $7.25.

Shares of the Dearborn, Mich., company were up nearly 1% to $7.32 in premarket trading.

“Better-than-expected North American production, a positive shift in mix, and improving metrics in the auto-credit markets … are the primary drivers for better- than-expected earnings performance in the third quarter,” Ward said in a note to investors.

In addition, Ward said, “demand in China has been better than expected and expansion of the Lincoln brand should be a plus for Ford.”

In 2019, Ford produced 700,000 F-150 trucks in North America and another 350,000 Super Duty pickups, which Ward estimated accounted for about $40 billion of annual revenue.

“The conversion of two plants (Michigan and Hermosillo) from car production to trucks by the end of 2021, by our estimates, will lead to additional increases in truck mix,” he said.

Ward noted that Jim Farley took over as chief executive in October, and among his first moves was to appoint John Lawler as chief financial officer.

“Both Farley and Lawler, in our opinion, will be perceived as significant upgrades by the investment community and both are viewed positively with the Ford organization,” Ward said.

The analyst said that “the management changes along with new product momentum and the benefits of cost improvement actions, in our opinion, are positive variables for the stock.”

Ford is scheduled to report third-quarter results on Oct. 28.

Starbucks  (SBUX) – Get Report shares rose Wednesday after Cowen analyst Andrew Charles upgraded the coffee-bar chain’s stock to outperform from market perform and raised his share-price target 29% to $99 from $77.

“We view early signs of the U.S. recovery as durable, aided by broadening digital access through expanded pay options for loyalty and 23% of U.S. stores adding curbside pickup,” he wrote in a commentary.

“Covid-19 presents new efficiency opportunities [to drive] 15% earnings-per-share growth for 2022-2023, he said. The shares risk/reward balance is “compelling, as our bull/bear cases suggest 2-to-1 upside/downside ratio.”

The Seattle chain’s stock recently traded at $86.72, up 2.3%. The shares have eased 1% this year. The new price target indicates 17% upside from Tuesday’s close at $84.80.

“We view Americas same-store sales as the key metric for SBUX, given a 0.8 correlation with SBUX’s forward price-to-earnings multiple pre-covid-19,” Charles said.

“We believe Starbucks is pursuing the right structural drivers to help transcend displaced morning routines, including broadening payment options beyond a Starbucks card for customers to join My Starbucks Rewards loyalty program.”

That also includes the additional curbside-pickup capacity and “on-trend plant-based-menu innovation,” Charles said.

“This should help Starbucks extend the sales recovery and gives us confidence in potential upside to comps,” he said. 

Charles views Starbucks stock as “attractive on a total-shareholder-return basis, with room for multiple expansion.”

Starbucks said two weeks ago that comparable sales in the U.S. and China continued to improve in August, as the impact of coronavirus lockdowns eased in its two largest global markets.

In June the company introduced a breakfast sandwich made with Impossible Foods’ plant-based sausage.

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