Ford (NYSE:F) EPS Estimates Boosted on Market Share Gains

UBS (NYSE:UBS) raised their EPS estimates on Ford Motor (NYSE:F), citing a growing momentum in market share gains.

UBS says, "Today, we added Ford as a UBS Key Call for the following three reasons: 1) a strong market share trajectory; 2) continued recovery in US auto sales; and 3) and significant operating leverage. As our first reason alludes, Ford’s ability to gain share in 2011 is a cornerstone of our Buy rating and our more favorable view of the stock vs. GM (NYSE: GM). This report provides more clarity to our 2011 share gain assumption (+50bps), and dissects our estimate across specific products and segments.

"We also updated our outlook for interest and pension expense (+$0.05). As a result, our 2011 EPS estimate moves from $2.20 to $2.35, our 2012 estimate from $2.00 to $2.15, and our 2013 estimate from $2.25 to $2.40."

UBS maintains a "BUY" rating on Ford, which was trading at $18.42, up $0.15, or 0.82 percent. UBS raised their price target on them from $19 to $22.