Takaki Nakanishi, head of Japanese automobiles research at Jefferies sees the light at the end of the tunnel for Honda's Takata recall woes. "We think the final conclusion by the NHTSA and Japan's MLIT, in light of investigative results....is approaching." Nakanishi said in a note.
Despite Honda's quarterly miss, global vehicle sales rose almost 9 percent, thanks mostly to a 10 percent rise in the company's biggest market, North America.
Nakanishi sees opportunity in Honda stock. The veteran auto analyst says Honda is a top pick, just after Toyota and Nissan. "We think at the current share price, Honda, which is trading at a discounted level, is very attractive." he said in a note.
Honda shares are off by about 18 percent year-to-date, and 24 percent over the past 12 months.