Goldman Sachs names 2 top auto stocks in Asia — giving one 44% upside

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Mahindra And Mahindra Ltd Nouvelles

Honda Motor Co Ltd,Mahindra And Mahindra Ltd,Goldman Sachs Group Inc

Goldman Sachs has refreshed its list of top stock picks in Asia to include two auto stocks.

Goldman Sachs has refreshed its list of top stock picks in Asia to include two automotive stocks: India's Mahindra and Mahindra and Japan's Honda Motor . The stocks are featured on the investment bank's "Conviction List - Directors' Cut," which seeks to offer a "curated and active" list of buy-rated stocks.

Goldman has a 12-month target price of 3,600 Indian rupees on the stock, implying 25% potential upside. Honda In Japan, Goldman is bullish on Honda which it describes as "one of the few automakers that can maintain/expand its strong profit margins while making upfront investments in electrification and intelligent mobility.

 

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