Mitsubishi Motors initiated with an Overweight at Morgan Stanley

Morgan Stanley initiated coverage of Mitsubishi Motors with an Overweight rating and 630 yen price target. The firm sees flat annual growth in new car sales volumes for China and a 4% CAGR for the U.S. between 2022 and 2025, but it forecasts 5% growth for the Asian region that is Mitsubishi’s core, the analyst tells investors.