Morgan Stanley upgraded Kakaku.com to Overweight from Underweight with a price target of 2,200 yen, up from 1,500 yen. The firm is adjusting its Japan Internet and Media stock ratings and cites Kakaku’s troughing of price and service comparison sales, hospitality service digitalization, Kyujin Box growth for what it views as risk-reward upside.
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>>