Bank Of America Auto Analyst Says He's 'Very Bullish On Demand In 2015'

Kevin Riley

Wed, Jan 14, 2015, 3:06 PM

Bank of America/Merrill Lynch Lead U.S. Auto Analyst John Murphy spoke at the Automotive News World Congress in Detroit on Wednesday.

Murphy noted that he was “very bullish on demand in 2015” and that “from a structural supply standpoint, the auto industry is in very good shape for at least a few years.”

Outside the U.S., however, “international auto markets remain volatile." He also mentioned that China is experiencing slowing growth.

Murphy added: “M&A, buybacks and dividends are on the rise for the auto industry.”

The firm maintains Buy ratings on Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM) and Honda Motor Co Ltd (ADR)(NYSE: HMC).

He holds an Underperform rating on Tesla Motors Inc (NASDAQ: TSLA).

Latest Ratings for F

Jan 2015	Citigroup	Downgrades	Buy	Neutral
Dec 2014	Deutsche Bank	Downgrades	Buy	Hold
Nov 2014	Citigroup	Maintains		Buy

View More Analyst Ratings for F
View the Latest Analyst Ratings

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Bank Of America Auto Analyst Says He's 'Very Bullish On Demand In 2015'

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