• Bloomberg


Takata Corp. was suspended from coverage by a securities firm that said the lawsuits and recalls the air bag maker faces in the U.S. cloud its earnings outlook.

“It has become impossible, in our view, to ascribe a rationally based target price and investment rating to the stock in this volatile environment,” Kunihiro Matsumoto and Ryota Shimizu of SMBC Nikko Securities Inc. wrote in a report Tuesday.

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