Toyota Stock Surges on Report of 20% Return-on-Equity Goal

Shares of Toyota Motor were rising sharply Thursday following a report that said the Japanese auto maker planned to double its target for a key measure of financial performance. U.S.-listed shares of Toyota were up 8.2%, putting them on pace for the largest same-day percentage increase since March 17, 2020, according to Dow Jones Market Data. The gains came after Nikkei Asia reported Wednesday that Toyota aims to increase its return-on-equity target to 20%.