Toyota's Stock Surges on Reported Plans to Raise Its Return on Equity

Key TakeawaysU.S.-traded shares of Toyota Motor surged Thursday following a report from Nikkei that the carmaker is aiming for a 20% return on equity.Analysts were reportedly anticipating an 11% return on equity this fiscal year.The news comes days after an announcement that two of Toyota's rivals, Honda and Nissan, are planning on merging. Toyota Motor's (TM) U.S.-listed shares soared Thursday following a report that the carmaker is looking to double its target return on equity (ROE). The Japanese auto gia ...