Honda Motor Co. Downgraded by Morgan Stanley to Equal Weight (HMC)
Honda Motor Co. (NYSE:HMC) was downgraded by equities researchers at Morgan Stanley from a “buy” rating to an “equal weight” rating in a research report issued on Monday, AnalystRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Honda Motor Co. in a research note to investors on Friday, December 13th. They now have a $43.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Honda Motor Co. from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 29th. Finally, analysts at Jefferies Group initiated coverage on shares of Honda Motor Co. in a research note to investors on Thursday, November 21st. They set a “buy” rating and a $47.32 price target on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.16.
Honda Motor Co, Ltd. (NYSE:HMC) develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines and scooters to specialty sports cars.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.