Morgan Stanley analyst Hiroto Segawa downgraded Honda (HMC) to Equal Weight from Overweight with a price target of 1,600 yen, down from 2,000 yen. The firm recommends “selective stock-picking” in Japan’s auto and mobility group, saying industry headwinds are picking up amid rising raw material costs and emerging geopolitical risk. For Honda, the analyst we thinks the re-evaluation of its automobile business will take time. Suzuki remains Morgan Stanley’s Top Pick.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HMC:
- China warns of global chip shortages over Nexperia dispute, Reuters says
- Midday Fly By: Home Depot reports Q4 beat, AMD and Meta expand partnership
- Honda halts operations at Mexican plant amid cartel rampage, FT reports
- Charged: Tesla long-term value seen tied to move beyond EVs
- Trump Trade: Ford CEO, White House discussed China-U.S. car partnerships