BofA analyst Shinichiro Nakamura downgraded Mitsubishi UFJ (MUFG) to Neutral from Buy with a price target of $13.39, down from $14.14. Among the Japanese banking majors, the firm prefers Mizuho (MFG), the analyst stated. For Mitsubishi UFJ, the firm sees “considerable downside risk” to guidance and sees scope for the stock to lose its premium in the near term, the analyst added.
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