Analysts Take $TM’s Earnings Estimates Higher on Currency Strength

“Twelve analysts covering Toyota Motor Corp. (7203), Japan’s largest manufacturer, have raised their earnings estimates for next fiscal year as the yen dropped against all major currencies in the past month. By contrast, shares of Hyundai Motor Co. (005380) and Samsung Electronics Co. (005930) fell after the South Korean exporters voiced concerns about the rising won….”

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