UPDATE: Citigroup Upgrades Toyota Motor Corporation to Buy on Yen Weakness
Posted on January 15, 2013 at 12:54 PM EST
Citigroup upgraded Toyota Motor Corporation (NYSE: TM ) from Neutral to Buy and raised its price target from $90.23 to $115.79. Citigroup commented, "Toyota ADRs have risen as the yen has weakened. The ADR price rose above $89.41 at end-December for the first time since October 2010, hitting an