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<blockquote data-quote="Weather Man" data-source="post: 16538631" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Toyota Mirai launch catches the eye of Bank of America amid zero-emission focus</strong></span></p><p>Dec. 09, 2020 10:19 AM ET<a href="https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3ATM" target="_blank">Toyota Motor Corporation (TM)</a><a href="https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Clark Schultz</a>, SA News Editor<a href="https://seekingalpha.com/news/3642943-toyota-mirai-launch-catches-eye-of-bank-of-america-amid-zero-emission-focus#comments" target="_blank">2 Comments</a></p><ul> <li data-xf-list-type="ul">Bank of America says Toyota (NYSE:<a href="https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">TM</a>) has upgraded both the fuel-cell system and the platform of the Mirai, substantially enhancing performance as a FCV.</li> <li data-xf-list-type="ul">"We believe Toyota has become much more proactive in its recent approach to zero-emission vehicles, which include FCVs and battery electric vehicles. The launch of the new Mirai model just at this juncture looks highly interesting to us, though the unveiling event did not include any comments worth particular mention."</li> <li data-xf-list-type="ul">"The government and local authorities have recently been taking an increasingly dynamic approach to ZEVs in Japan, as well, and we think Toyota is likely to demonstrate clear commitment to these in the near future as Japan's leading OEM."</li> <li data-xf-list-type="ul">Bank of America keeps a Buy rating on Toyota and price objective of ¥9200. Shares of Toyota closed at in Tokyo today ¥7349.</li> <li data-xf-list-type="ul">Toyota has <a href="https://seekingalpha.com/screeners/new?industry=25102010&source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">one of the highest profitability scores in the auto sector</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16538631, member: 137766"] [size=6][b]Toyota Mirai launch catches the eye of Bank of America amid zero-emission focus[/b][/size] Dec. 09, 2020 10:19 AM ET[URL='https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3ATM']Toyota Motor Corporation (TM)[/URL][URL='https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Clark Schultz[/URL], SA News Editor[URL='https://seekingalpha.com/news/3642943-toyota-mirai-launch-catches-eye-of-bank-of-america-amid-zero-emission-focus#comments']2 Comments[/URL] [LIST] [*]Bank of America says Toyota (NYSE:[URL='https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']TM[/URL]) has upgraded both the fuel-cell system and the platform of the Mirai, substantially enhancing performance as a FCV. [*]"We believe Toyota has become much more proactive in its recent approach to zero-emission vehicles, which include FCVs and battery electric vehicles. The launch of the new Mirai model just at this juncture looks highly interesting to us, though the unveiling event did not include any comments worth particular mention." [*]"The government and local authorities have recently been taking an increasingly dynamic approach to ZEVs in Japan, as well, and we think Toyota is likely to demonstrate clear commitment to these in the near future as Japan's leading OEM." [*]Bank of America keeps a Buy rating on Toyota and price objective of ¥9200. Shares of Toyota closed at in Tokyo today ¥7349. [*]Toyota has [URL='https://seekingalpha.com/screeners/new?industry=25102010&source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']one of the highest profitability scores in the auto sector[/URL]. [/LIST] [/QUOTE]
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