HONDA MOTOR CO ADR-EACH CNV INTO 1 ORD NPV forum
HMC Strong Performance: Honda Motor shares have shown solid relative strength over the last month, tacking on nearly 6% and outperforming the S&P 5001.
Positive Earnings Estimate Revisions: The shares are looking to break out of a multi-year consolidation period, with positive earnings estimate revisions helping drive the move1.
Strong Sales in North America: Honda posted stronger-than-expected earnings for its fiscal second quarter ended September, boosted by strong auto sales in North America2.
Analyst Upgrades: There have been several analyst upgrades for Honda Motor stock. For instance, Morgan Stanley upgraded the stock from Equal Weight to Overweight3. Similarly, Macquarie upgraded the stock from Neutral to Outperform3.
Price Target: While the consensus price target is not available, the stock is currently trading at $32.55
