CHICAGO, Sept. 17, 2012 /PRNewswire/ -- Zacks Equity Research highlights Toyota Motor Corporation (TM) as the Bull of the Day.
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Full analysis Toyota Motor Corporation (TM) is available at http://at.zacks.com/?id=10481.
Here is a synopsis of Toyota Motor Corporation (TM):
Bull of the Day - Toyota Motor Corporation (TM):
Toyota Motor Corporation (TM) continues to play a pivotal role in the global market for fuel-efficient and environment-friendly vehicles. It also expects to benefit from its cost reduction measures and continued focus on the emerging markets.
Toyota Motor Corporation (TM) saw a marked recovery in the first quarter of its current fiscal year by posting a significant Y91.31 increase in earnings to Y91.68 per share ($1.14) due to strong demand for its vehicles and positive impact of cost reduction measures. For fiscal 2013, it expects higher consolidated revenues of Y22.00 trillion, operating income of Y1.00 trillion and profits of Y760.0 billion, compared with fiscal 2012.
Therefore, we continue with our Outperform recommendation on Toyota Motor Corporation (TM) and set a target price of $98.00. This target price, 14.0X our 2013 EPS estimate, reflects our positive outlook.
Get the full analysis of Toyota Motor Corporation (TM) and other stocks by going to http://at.zacks.com/?id=10481.
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