UPDATE 1-RESEARCH ALERT-Nikko Citigroup ups Toyota to 1H from 2H

Newswire

(Updates with details) TOKYO, Aug 6 (Reuters) - Nikko Citigroup raised its rating on Toyota Motor Corp on Wednesday, saying it had a positive impression after Japan's biggest auto maker reported quarterly earnings the day before and upped its half-year profit forecast. The brokerage raised its rating on Toyota to "1H" (outperform/high risk) from "2H" (in-line, high risk), and boosted its target price on the stock to 4,100 yen from 3,700 yen. On Tuesday, Toyota said its April-June group ...

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