Mazda Motor price target raised to 1,200 yen from 1,100 yen at Morgan Stanley

Morgan Stanley raised the firm’s price target on Mazda (MZDAY) Motor to 1,200 yen from 1,100 yen and keeps an Equal Weight rating on the shares. 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.