Investing com– Morgan Stanley (NYSE: MS) returned to safety of Hyundai (OTC: HYMTF) Motor (KS:005380) with a positive rating, specifying that the automotive producer was significantly better positioned to climate united state career tolls than loads of its worldwide friends.
MS ranked Hyundai at Overweight with a charge goal of 300,000 gained, exhibiting a 37% upside from the availability’s current levels.
The favorable rating consists of Hyundai’s provide nursing a pointy lower from present heights. But MS consultants said loads of Hyundai’s downsides have been valued in with the modification.
“We see its product mix and geographical exposures providing relatively better earnings/margin protection compared to its global peers,” MS consultants created in a observe.
MS likewise identified Hyundai’s present itemizing of its Indian system, Hyundai Motor India, as a driver for the availability.
Hyundai was caring for excessive losses in present periods, as expectancy of boosted united state career tolls beneath President- select Donald Trump battered provides with excessive direct publicity to exports.
But Hyundai’s export direct publicity expands previous the united state, with India performing because the nation’s 2nd most vital market after South Korea.
Hyundai is the globe’s third-largest automotive producer by manufacturing.
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