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 a lot better positioned to climate united state occupation tolls than numerous its worldwide friends.
MS ranked Hyundai at Overweight with a charge goal of 300,000 received, displaying a 37% upside from the provision’s current levels.
The favorable rating contains Hyundai’s provide nursing a pointy lower from present heights. But MS specialists said numerous Hyundai’s downsides had 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 specialists created in a word.
MS likewise identified Hyundai’s present itemizing of its Indian system, Hyundai Motor India, as a driver for the provision.
Hyundai was taking good care of excessive losses in present classes, as expectancy of boosted united state occupation 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 appearing because the nation’s 2nd most important market after South Korea.
Hyundai is the globe’s third-largest automotive producer by manufacturing.
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