Kuraray upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs analyst Atsushi Ikeda upgraded Kuraray to Neutral from Sell with a price target of 1,440 yen, up from 950 yen. Kuraray’s inventory adjustments of optical-use POVAL film "appear to have bottomed out," said the firm, which raised operating profit estimates after factoring in less of an impact from inventory valuation differences than it had initially assumed.