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Toyota Motor Corporation (TM) [hlAlert]

down 43.64 %

Toyota Motor Corporation (TM) downgraded to Underweight by HSBC Securities

Posted on: Tuesday,  Nov 11, 2008  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Toyota Motor Corporation (NYSE: TM) on 11/11/2008, when the stock price was $67.38. Since
then, Toyota Motor Corporation has gained 77.46% as of 12/22/2015's recent price of $119.57.
If you would have followed this HSBC Securities's recommendation on TM, you would have lost 43.64% of your investment in 2597 days.

Toyota Motor Corporation (Toyota) primarily conducts business in the automotive industry. Toyota also conducts business in the finance and other industries. It is organized in three segments: automotive operations, financial services operations and all other operations. Toyota?s automotive operations include the design, manufacture, assembly and sale of passenger cars, minivans and commercial vehicles, such as trucks and related parts and accessories. Toyota?s financial services business consists primarily of providing financing to dealers and their customers for the purchase or lease of Toyota vehicles. Toyota?s financial services also provide retail leasing through the purchase of lease contracts originated by Toyota dealers. Related to Toyota?s automotive operations is its development of intelligent transport systems (ITS). Toyota?s all other operations business segment includes the design and manufacture of prefabricated housing and information technology related businesses.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/11/2008 8:25 AM Sell
as of 12/24/2008
1 Week down  -4.90 %
1 Month down  -27.25 %
3 Months down  -12.42 %
1 YTD down  -56.56 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/29/2008 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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