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Citi On Autos: Factoring In Changes In Forex, Downgrades Toyota, Mazda
Thursday, August 25, 2016 - 8:38am | 308The recent strength of the yen versus European currencies has impacted the competitiveness of Japan-made vehicles “by more than the fall in profits via forex sensitivity,” Citi’s Arifumi Yoshida said in a report. He downgraded the ratings on Toyota Motor Corp (NYSE: TM) and...
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In Japan, The Kumamoto Earthquake Did 'Major Damage' To At Least One Local Plant
Tuesday, April 19, 2016 - 4:52pm | 419The magnitude 7 earthquake and its aftershocks that have been hitting Japan over the last few days have investors worried about damage and disruptions of local businesses. In a series of reports out this week, Citi analysts address the impact the quake has had on a number of companies with...