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Jefferies raises price targets for 3 Asian carmakers despite gloomy outlook


The logo of Toyota Motor is displayed at a company’s car showroom in Tokyo on February 6, 2019.

Kazuhiro Nogi | AFP | Getty Images

Global vehicle sales are set to decline due to prolonged manufacturing constraints and tight market conditions, but Japan’s automakers are likely to avoid any dramatic setbacks, according to Jefferies.

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