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J. Front Retailing downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs analyst Sho Kawano downgraded J. Front Retailing (JFROF) to Neutral from Buy with a price target of 2,000 yen, up from 1,850 yen. Following the recent share price rise, the stock is trading near fair value, the analyst tells investors in a research note.

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