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Posted by
Two Blokes Jun 28 -
Filed in
Stock
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4 views
We initiate coverage on Nissan with a Buy rating, given the extremely pessimistic current market valuation, providing a steep margin of safety. Our US$7.80/sh price target reflects our view that Nissan's problems are not new, and Nissan has been buying back their undervalued shares at similar prices since 2023. Nissan's hefty balance sheet and a 1.53 current ratio, show they can get through the current headwinds, and this contributes to our investment thesis.
