Yamaha Motor Co., Ltd. (OTCMKTS:YAMHF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $34.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.10% from the stock’s previous close.
According to Zacks, “Yamaha Motor Co., Ltd. engages in the manufacture and sale of motorcycles, automotive engine and transportation equipment. Its operating segment consists of Motorcycles, Marine Products, Power Products, Industrial Machinery and Robots and Others. Motorcycles segment includes motorcycles and knockdown parts for overseas production. Marine Products segment consists of outboard motors, personal watercraft, pleasure-use boats, fiberglass-reinforced plastic pools, fishing boats, utility boats and diesel engines. Power Products segment comprises of all-terrain vehicles, side-by-side vehicles, snowmobiles, golf cars, generators, small-sized snow throwers and multipurpose engines. Industrial Machinery and Robots segment covers electric actuators. Others segment includes surface mounters, automotive engines, electrically powered wheelchairs and industrial unmanned helicopters. Yamaha Motor Co., Ltd. is headquartered in Iwata, Japan. “
Separately, Deutsche Bank AG restated a “hold” rating on shares of Yamaha Motor Co. in a research report on Tuesday, October 24th.
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