Morgan Stanley upgrades Ford, says parts of the automaker's business are underestimated

Ford's Chief Financial Officer (CFO), John Lawler and Linda Zhang, Chief Engineer for the company's All Electric F-150 Lightning participate in the opening bell ceremony at the New York Stock Exchange (NYSE) in New York City, New York, U.S., April 28, 2022. 
Brendan Mcdermid | Reuters

After a significant pullback in Ford Motor's share price this year, Morgan Stanley is taking another look at the auto stock.