Morgan Stanley downgraded Open House Group (OPPPF) to Underweight from Equal Weight with a price target of 5,450 yen, down from 5,750 yen. The firm believes for-sale housing inventory adjustment is complete, but Open House Group has to acquire aggressively in order to generate profit growth going forward, the analyst tells investors. Whether the company can balance quantity and quality “remains opaque,” the analyst added.
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