Jefferies analyst Atul Goyal upgraded Panasonic to Buy from Hold with a price target of 2,060 yen, up from 1,256 yen. The sale of Panasonic’s auto-systems business likely starts a journey to restructure itself to higher return on equity company, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PCRFY: