Where Ford has not kept pace is making money selling smaller vehicles, falling behind Volkswagen and Hyundai, Ward said. However, Ford is now trying to catch up and is selling smaller cars in Asia, Europe, and North America.
Ford is his top pick, the analyst said. One reason why is cash.
The automaker is “generating so much surplus cash, their balance sheet is restructured, it leaves room to improve their pension and other obligations for investment” and then return some of the cash to shareholders, Ward said. He predicts the company will "consider some creative ways" to do that.
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Ward does not own Ford Motor shares, but Sterne Agee does and it has co-managed a securities offering or provided banking services within the past 12 months.