June 21): Analysts are becoming more optimistic towards Toyota Motor Corp as fears retreat that the world’s biggest automaker is lagging in a shift to electric vehicles (EVs).
At least four companies including Nomura Securities Co and Mizuho Securities Co raised their price targets for Toyota since the Japanese automaker unveiled details of battery development plans and other technologies last week, according to data compiled by Bloomberg.
AKE Price at posting:
$16.32 Sentiment: Buy Disclosure: Held