Analysts upgraded Kia target prices

Analysts upgraded Kia target prices Analysts upgraded Kia target prices on Monday following its stronger-than-expected connections record results last week.

Hyundai Motor, which ranks fifth in global car sales along with its affiliate Kia, also reported better-than-expected results for July-September quarter last week, driven by strong sales of their new models and robust demand in emerging markets.

While uncertain economic prospects are clouding the outlook for car sales in the United States and Europe, Hyundai and Kia are seen outperforming rivals and gaining market share with strength in compact cars and regional diversification.