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Fly News Breaks for October 9, 2015
VLKAY, TM, HMC
Oct 9, 2015 | 07:54 EDT
Jefferies analyst Takaki Nakanishi downgraded Honda Motor (HMC) and Toyota (TM) to Hold after cutting his view on the Japan Autos & Auto Parts sector to Bearish. The Volkswagen (VLKAY) diesel scandal will trigger a stronger regulatory environment and an industry-wide worsening of the long-term earnings environment, Nakanishi tells investors in a research note. He cut his price target for Honda shares to $34.24 from $37.92.
News For HMC;TM;VLKAY From the Last 2 Days
TM, HMC
Mar 26, 2024 | 15:52 EDT
After this morning's collapse of the Francis Scott Key Bridge in Maryland closed the Port of Baltimore, JPMorgan economist Michael Feroli noted that the port ranks 17th among U.S. ports in tonnage handled, but ranks first for light vehicle imports and is also an important coal export terminal. However, the firm's initial assessment is that this development will "likely only have minimal implications for vehicle inflation" given that many more vehicles are imported over land from Canada and Mexico and that vessels are already being diverted to other East Coast ports. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).