UBS has lowered its price target for Toyota Industries to ¥14,600 from ¥16,600 while maintaining a Buy rating, citing a slower-than-expected recovery in forklift sales. The firm anticipates changes in the relationship between Toyota Motor and its suppliers by 2025, leading to a projected profit growth acceleration in the next 6 to 12 months. However, revised earnings forecasts indicate a 5% decrease in estimated EPS for the fiscal year ending March 2025 and a 2% drop for the following year.