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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly