Korean Air Chairman Calls for Stability, Tariff Cuts
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Toyota Upgraded to Outperform on ROE Target
Toyota Motor (TM, Financials) was upgraded to Outperform by Bernstein SocGen on Monday, with the firm citing the automaker's new 20% return on equity target as a key driver. The analysts also raised their price target to JPY3,500 ($23.70) from JPY2,550 ($17.26). Warning! GuruFocus has detected 3 Warning Sign with TM. The firm said Toyota's accelerated hybrid electric vehicle sales and expected value chain profit growth of JPY165 billion ($1.12 billion) this fiscal year could help deliver the ROE target faster than the company's own timeline. Bernstein SocGen also pointed to capital restructuring, including the buyout of Toyota Industries, as a source of further ROE improvement. Investors will watch whether Toyota can sustain hybrid momentum while managing the shift to fully electric models, a balancing act that could shape returns. This article first appeared on GuruFocus. Sign in to access your portfolio
TechCrunch
13 minutes ago
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India's Deepest Tax Cut Plan in Years to Spur Automobile Demand
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