$F - PIPER SANDLER: FORD TOP PICK FOR 2026 Piper Sandler reiterated an Overweight rating and $16 price target on Ford. The firm sees potential upside from lower warranty costs, which could add up to $2.8B in incremental EBIT and boost EPS by $0.54 in 2026. Strong Ford Pro performance and improving EV losses further support the bullish view.