Morgan Stanley analyst Hiroto Segawa downgraded Honda (HMC) to Equal Weight from Overweight with a price target of 1,600 yen, down from 2,000 yen. The firm recommends “selective stock-picking” in Japan’s auto and mobility group, saying industry headwinds are picking up amid rising raw material costs and emerging geopolitical risk. For Honda, the analyst we thinks the re-evaluation of its automobile business will take time. Suzuki remains Morgan Stanley’s Top Pick. Published first on TheFly – the ultimate ...

Morgan Stanley raised the firm’s price target on Mazda (MZDAY) Motor to 1,200 yen from 1,100 yen and keeps an Equal Weight rating on the shares. The firm recommends “selective stock-picking” in Japan’s auto and mobility group, saying industry headwinds are picking up amid rising raw material costs and emerging geopolitical risk. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s best-performing stocks on TipRanks >> Read More on MZD ...