Goldman Sachs upgraded Japan Post Bank to Neutral from Sell with a price target of 1,480 yen, up from 1,200 yen. The analyst maintains a constructive view on Japan banks going into 2024, with the market expecting Bank of Japan interest rate normalization next year. The firm believes the megabanks and Japan Post Bank are well positioned into a yen rate rise.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for 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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>