In a report released yesterday, Kentaro Hosoda from Bank of America Securities maintained a Buy rating on Toyota Motor (TYT – Research Report), with a price target of Yen3,000.00.
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Kentaro Hosoda has given his Buy rating due to a combination of factors including strategic mergers and financial restructuring within Toyota Motor. The recent merger between Hino Motors and Mitsubishi Fuso, which will be under a new holding company, is a significant move. Although Toyota’s stake will be adjusted, the deconsolidation of Hino is seen as a positive step towards resolving existing issues.
Additionally, Toyota’s acquisition of Hino’s Hamura plant and its investment in Hino’s shares are expected to strengthen Hino’s balance sheet, facilitating the merger. This acquisition is strategic for Toyota’s frame-based vehicle production. Furthermore, the possibility of further restructuring within the group, following the privatization of Toyota Industries, indicates a proactive approach in optimizing the company’s operations and market position.
In another report released on June 2, Citi also maintained a Buy rating on the stock with a Yen3,200.00 price target.
TYT’s price has also changed slightly for the past six months – from Yen2679.500 to Yen2657.500, which is a -0.82% drop .
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