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]

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 ...