Ford Motor has increased its annual profit forecast for the second time this year. Resilient customers are purchasing the company's expensive pickup trucks, boosting results. Second-quarter core profit rose nearly twenty percent, offsetting tariff costs. Ford's electric vehicle sales declined, but a new electric pickup is planned. The automaker is partnering with global companies to increase electric vehicle production.

Jefferies upgraded Ford (F) to Buy from Hold with a price target of $17.50, up from $14.50. The firm sees Q2 as the low point for Ford’s volumes...

Jefferies upgraded Ford and General Motors as they moved past last year's electric vehicle losses. Both stocks rose as a result of the news.