Morgan Stanley analyst Hiroto Segawa initiated coverage of Otsuka Corp. with an Underweight rating and 3,800 yen price target. For Otsuka, its main customers are "likely to lack vigor" with the risk of economic deceleration rising, Segawa contends.
Elevate Your Investing Strategy:
- 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.
Published first on TheFly