Goldman Sachs analyst Sachiko Okada upgraded Japan Metropolitan Fund Investment (JRFIF) to Buy from Neutral with a 100,000 yen price target Japan’s real estate stocks continue to trade at a discount to net asset value, according to the analyst, who believes investors are pricing in “excessively bearish views on the impact of interest rate hikes in particular.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JRFIF: