Jefferies analyst Shunki Nakamura maintained a Buy rating on Toei Animation Co., Ltd. today and set a price target of Yen4,320.00.
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Shunki Nakamura’s rating is based on several strategic developments surrounding Toei Animation Co., Ltd. One of the key factors is Fuji Media Holdings’ decision to reduce its stake in Toei Animation by 5% through an overseas secondary offering. This move aligns with Fuji’s broader strategy to decrease cross-shareholdings, which in turn enhances Toei’s stock liquidity and removes potential market pressure.
Furthermore, the block placement method used for this transaction is beneficial as it avoids exerting downward pressure on the market, thus preserving the stock’s value. These factors collectively contribute to a more favorable market environment for Toei Animation, justifying the Buy rating given by Nakamura.
According to TipRanks, Nakamura is an analyst with an average return of -0.4% and a 33.33% success rate.