Morgan Stanley Flags Mixed Q2 Results for Japan's Tire Makers; Four Names in Focus
Morgan Stanley reviewed second-quarter earnings across Japan's tire industry and kept an In-Line rating for the sector. Results were mixed: Bridgestone and Yokohama Rubber delivered stronger-than-expected profits, Sumitomo Rubber showed large year-over-year gains but trimmed guidance, and Toyo Tire posted a contraction in operating profit and lower…