Japan Metropolitan Fund Investment upgraded to Buy from Neutral at Goldman Sachs

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.”