Bernstein analyst Masahiro Akita initiated coverage of Suzuki Motor (SZKMF) with an Outperform rating. The firm initiated the Japan autos and auto parts sector with a bearish view. While sector-wide valuations already reflect cautious outlook with declining sales and loss in market share, Bernstein sees greater need to be selective in this space given geopolitical risks in short term and the electrified propulsion vehicle transition in mid-to-long term, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SZKMF:
- Suzuki Motor Announces Secondary Share Offering
- Suzuki Motor Reports Strong Financial Growth for First Nine Months of FY2024
- Suzuki Motor Announces Strategic Secondary Offering to Restructure Shareholder Base
- Suzuki Motor Corporation Announces Change in Auditors to Enhance Governance
- Suzuki Motor Corporation Strengthens Corporate Governance for Sustainable Growth