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Credit Suisse Cuts Japanese Auto Sector to Market Weight; Lowers Rating on TM, HMC & NSANY

August 31, 2011 10:50 AM EDT
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Price: $230.41 --0%

Rating Summary:
    6 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 14
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Credit Suisse cuts the Japanese Auto Sector to Market Weight and downgrades Toyota (NYSE: TM), Honda (NYSE: HMC) and Nissan (OTC: NSANY) from Outperform to Neutral.

However, shares of all three Japanese automotive stocks are bucking the trend, and are trading higher between 2-4%.


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