Based on the average brokerage recommendation (ABR), Toyota Motor (TM) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Toyota (TM) invests $282 million in the Huntsville plant in Alabama to expand its production capacity.
Japan's two biggest banks will start divesting their strategic shareholdings in Toyota Motor - worth a combined $8.5 billion - and will seek to sell into the automaker's planned share buybacks, Bloomberg News reported on Friday, citing sources. Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG) have said they plan to sell down their cross-shareholdings over time.