Morgan Stanley analyst Ai Furukawa upgraded ABC-Mart to Overweight from Equal Weight with a price target of 3,600 yen, up from 3,000 yen. The firm has raised its Athleisure industry view to Attractive and now cites an order of stock preference of ABC-Mart over Goldwin over Asics over Workman, based on what it sees as the relative risk/reward, the analyst tells investors.
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