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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on MMTOF: