Macquarie analyst James Hong upgraded Honda to Outperform from Neutral with a 5,300 yen price target. The analyst expects U.S. car pricing to soften, says Honda’s profit should decline the least of peers. Valuation is another key reason for the upgrade, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HMC: