|Over a month ago|
Denso downgraded to Hold from Buy at Jefferies » 09:0410/1910/19/21
Jefferies analyst Takaki…
Jefferies analyst Takaki Nakanishi downgraded Denso to Hold from Buy with an unchanged price target of 9,000 yen. Given the view that the global automobile sales environment is headed toward a "W-dip" scenario on a longer period of manufacturing constraints and tight market conditions than expected, Nakanishi has lowered FY3/23 operating profit expectations for Denso and several Japan OEMs, the analyst noted.
|Over a quarter ago|
Honeywell, DENSO announce expanded alliance agreement » 09:1405/2405/24/21
Denzo (DNZOY) has signed…
Denzo (DNZOY) has signed a long-term agreement with Honeywell (HON), establishing an alliance focused on electric propulsion units to meet new aerospace needs. The companies will develop and manufacture electric propulsion systems for aircraft, initially prioritizing the urban air mobility segment with a focus on air taxis and delivery vehicles. DENSO and Honeywell are in advanced discussions with current and prospective customers and intend to deliver flight test configurations of the electric propulsion systems within the next year. This focus on electrified power sources will not only help the companies fulfill UAM's promise of providing cleaner, safer, more efficient, quieter and freer-moving transportation in and between cities, but also strengthen each company's efforts to achieve carbon neutrality by 2035.