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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>