Jefferies initiated coverage of NEC Corp. with a Buy rating and 17,000 yen price target The firm is initiating on two of the “Big 4” Japanese IT Services companies, adding to coverage of NTT Data and Hitachi, noting that it prefers Fujitsu to NEC based on capital allocation and higher ROIC and EVA trends, but has Buy ratings on both.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.