This investment comes on the heels of Ford reporting impressive 1Q results, depicted by record EBIT of $4.8 billion. Credit Suisse analyst Dan Levy has since reiterated a Buy rating on the stock. Levy stated, "We expect the stock to outperform near-term; indeed, we believe [Ford CEO] Jim Farley will drive incremental urgency and accountability at Ford." The analyst also increased the price target to $13 from $12, implying 11.78% upside potential to current levels.