Nissan Motor Co., Ltd.'s (Nissan) 4Q 09 revenues exceeded our expectation while net level performance fell short of our expectation. Considering the weak Management outlook and weak global economic conditions, we are likely to revise our profitability estimates downwards, going forward. Consequently, we maintain our SELL rating for the common stock and will reassess our target price and rating in our 4Q 09 and FY 2009 update report....

Nissan Motors Co. Ltd.’s (Nissan) common stock price has appreciated significantly since our company news alert, dated 16 March 2009. North American automotive sales for March 2009 increased 25% m-o-m, supporting investor confidence. Furthermore, expectation of gaining a greater share in the US automobile market, based on the speculated bankruptcy of Chrysler and General Motors, coupled with the announcement…

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Nissan Motor Co., Ltd.’s (Nissan) 3Q 09 revenues and profitability were below our expectations. Considering the weak Management outlook and severe downturn in global economic conditions, we are likely to revise our profitability estimates downwards, going forward. Consequently, although the common stock does not support a SELL rating at current price levels, we maintain our SELL rating and will…