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.
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Read More on SZKMF:
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- Suzuki Motor Corporation Announces Change in Auditors to Enhance Governance
- Suzuki Motor Corporation Strengthens Corporate Governance for Sustainable Growth
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