Ford To Sell $1 Billion Of Bonds Backed By Auto Loans (F)

According to a person familiar with the matter, Ford (NYSE:F) is marketing $1 billion of bonds backed by auto loans, Bloomberg reports.The individual says the offering, issued through Ford’s finance unit, could be sold as early as this week.Ford Motor (NYSE:F) has potential upside of 37.6% based on a current price of $12.13 and an average consensus analyst price target of $16.69.Ford Motor is currently above its 50-day moving average (MA) of $10.85 and should find resistance at its 200-day MA of $12.27.

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