Michael Ward

Michael Ward of Sterne Agee commented in a note on Friday that U.S. light vehicle sales for December are expected to maintain an industry wide Seasonally Adjusted Annual Rate (SAAR) of 16.8 million units. Ward expects 1.5 million light vehicles were sold in December, representing an 11 percent year...

Michael Ward of Sterne Agee stated in a note on Sunday that global vehicle sales improved 2.1 percent in the first 11 months of 2014 to 75.2 million units and remain on track to reach 81.5 million for all of 2014, an all-time high. Ward notes that positive trends continue to be seen across the...

Sterne Agee initiated coverage Thursday on O'Reilly Automotive Inc (NASDAQ: ORLY) with a Neutral rating. According to analysts Ali Faghri and Michael Ward, “The secular shift to the faster growing and larger [Do-It-For-Me (DIFM)] segment favors companies with a strong commercial...

Sterne Agee initiated coverage Thursday on Genuine Parts Company (NYSE: GPC) with a Neutral rating. According to analysts Ali Faghri and Michael Ward, “The secular shift to the faster growing and larger [Do-It-For-Me (DIFM)] segment favors companies with a strong commercial focus....

Sterne Agee initiated coverage on Advance Auto Parts, Inc. (NYSE: AAP) with a Buy rating and $165 price target. The firm's aftermarket auto parts analyst report named it a Top Pick. According to analysts Ali Faghri and Michael Ward, “The secular shift to the faster growing and larger...

Sterne Agee initiated coverage on aftermarket auto parts retailers in a report issued Thursday and named Advance Auto Parts, Inc. (NYSE: AAP) its top pick. According to analysts Ali Faghri and Michael Ward, “The aftermarket auto parts group offers positive industry demand tailwinds,...

Ford Motor Company's (NYSE: F) plan to close a Belgium factory will weigh on full-year earnings but the pending launch of its F150 pickup trucks will boost 2015 profit growth to 59 percent, an analyst said Tuesday. Sterne Agree's Michael Ward cut his 2014 earnings estimate for the...

General Motors (NYSE: GM) shares are down about 10 percent since it released second-quarter earnings and announced a $1.5 billion recall charge. But Sterne Agee's Michael Ward maintained a Buy rating and $50 target and said Tuesday the recent sell-off makes the shares especially attractive...

Shares of CSX (NYSE: CSX) are volatile in Tuesday's after-hours trading following the company’s second-quarter results. Revenue missed the analyst consensus by 0.31 percent at $3.2 billion versus $3.21 billion, marking the only TTM top-line miss. Sales are up 6.3 percent from the same...