Japanese automaker Toyota Motor Corp is well positioned for any industry recovery and to take advantage of the General Motors Corp's woes, and could see its American Depository Shares (ADRs) rise significantly, according to a report in Barron's.
"The fact that Toyota entered the downturn from a position of strength strongly suggests it will be among the first to return to profit," the weekly financial newspaper said in its June 15 edition.
If the U.S. auto market shows signs of perking up, Toyota's ADRs over the next year could go from their recent price in the high $70s to at least $115, Barron's forecast, noting they hit $137 about two years ago.
Several automakers stand to gain from the GM and Chrysler bankruptcies, the newspaper said, "but the big winner, at least in terms of status, market clout and bragging rights, will be Toyota," making its ADRs "a good bet for long-term investors."
Toyota ADRs closed at $78.84 on the New York Stock Exchange on Friday.
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