HALISTER1: Toyota Boshoku Gains 7.9%; Goldman Positive on Restructuring

Toyota Boshoku Gains 7.9%; Goldman Positive on Restructuring

(Bloomberg) -- Toyota Boshoku rises as much as 7.9%, highest intraday since Feb. 5 after Goldman upgraded stock to buy vs neutral, positive on Europe/U.S. restructuring.
  • Domestic production at main customer Toyota Motor is rising on new model benefits, Aichi Steel impact has now largelly ended: Goldman analyst Kota Yuzawa
    • Sees 5b yen profit boost in FY3/17
    • Feb. 4 announcement that co. won’t release net profit guidance “marked an end to negatives”
  • YTD performance: Toyota Boshoku -21% vs Topix index -14%, Topic Transportation Equipment index -21%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
3116 JP (Toyota Boshoku Corp)

People
Kota Yuzawa (Goldman Sachs Group Inc/The)

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