Yamaha Motor initiated with an Overweight at Morgan Stanley

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.