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Old 05-21-2002, 23:20   #1 (permalink)
 
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Merrill Upgrades Ford to 'Strong Buy'

Merrill Upgrades Ford to 'Strong Buy'
Analyst John Casesa says recent management appointments should enhance investors' confidence in the company's restructuring plan

Merrill Lynch upgraded Ford Motor (F ) to near term strong buy from neutral.

Analyst John Casesa says the automaker is working its way through the most difficult stage in its restructuring. He thinks Ford has has a credible, achievable plan, while recent management appointments should enhance investors' confidence in the restructuring plan and increase the likelihood of success.

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