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SUZUKI MOTOR shares fall after major domestic brokerage downgrades to 'reduce'

Thu Apr 30, 2026 1:59 pm JST Catalyst

SUZUKI MOTOR CORPORATION <7269> shares declined. Nomura Securities downgraded the company's stock rating from "neutral" to "reduce" on the 28th. The target price was revised from 2,400 yen to 1,600 yen. The downgrade reflects concerns over rising raw material costs due to worsening conditions in the Middle East, potential production impacts from supply constraints, and the competitive environment in the Indian market. Nomura pointed out that the Indian market is shifting toward sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs), and amid a changing competitive landscape, there is significant uncertainty over whether SUZUKI MOTOR can maintain its competitive advantage.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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