Morgan Stanley analyst Masatoshi Terashi initiated coverage of Yamaha Motor with an Overweight rating and 4,500 yen price target. Yamaha Motor is a leading maker of land mobility/motorcycle products globally as well as a luxury mobility equipment name in machinery and capital goods, Terashi tells investors. He thinks profit growth based on premium strategies in Marine Products and motorcycles could earn it a high valuation as a luxury mobility equipment name outside the autos industry, the analyst added.
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