Honda downgraded to Equal Weight from Overweight at Morgan Stanley

Group 1 - 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 [1] - The firm recommends "selective stock-picking" in Japan's auto and mobility group due to rising raw material costs and emerging geopolitical risk [1] - The re-evaluation of Honda's automobile business is expected to take time according to the analyst [1] Group 2 - Suzuki remains Morgan Stanley's Top Pick in the Japanese auto sector [1]