Jim Cramer on Toyota: "It Just Went Up So Much"

Toyota Motor Corporation (NYSE:TM) is one of the stocks Jim Cramer recently talked about. A caller asked if there is a catalyst for the company given the new deal with Japan. Cramer remarked:

“Well, I think they’re now getting to downside, which is they’re going to have to raise prices a little. I’m going to say, I’m going to take the pass in Toyota only because it just went up so much, but I like your instincts.”

Toyota (NYSE:TM) manufactures and sells vehicles under the Toyota and Lexus brands, including passenger cars, SUVs, trucks, and buses. Cramer mentioned the stock in a January episode and said:

“Look, I like Toyota more than I like many of the American automakers, but again, it’s still in the auto business and that’s a real tough neighborhood and I care about the neighborhood.”

Since the comment was made, the company stock is down by 1.5% at the time of writing.

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Disclosure: None. This article is originally published at Insider Monkey.