Ford Otosan (FROTO) 2Q26 Financial Results
Tacirler Investment
We assess Ford Otosan’s 2Q26 financial results as slightly negative, as the broadly in-line operating performance was overshadowed by the continued YoY weakness and the downward revision to the company’s 2026 guidance. Following the 2Q26 results, we maintain our 12-month target price of TRY 132 per share and our BUY recommendation for Ford Otosan, which remains in our model portfolio.