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Mitsubishi Heavy Industries downgraded to Neutral from Buy at UBS

UBS downgraded Mitsubishi Heavy Industries (MHVYF) to Neutral from Buy with a price target of 3,030 yen, up from 2,790 yen. The firm still expects earnings to expand thanks to growth in the aircraft, defense and space segment and in energy systems, but this “growth story looks priced in,” the analyst tells investors.

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