Jefferies downgraded East Japan Railway to Hold from Buy with an unchanged price target of 8,500 yen. Though the firm expects "a steady and gradual recovery" with Japan’s re-opening, the speed of reforms aimed at generating profits is likely to remain "gradual," the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly