tiprankstipranks

Pola Orbis upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley upgraded Pola Orbis to Equal Weight from Underweight with a price target of 1,500 yen, up from 1,300 yen. While the firm still sees risk of dividend cuts, it views that as unlikely in the short-term and contends the “bad news has played out for now.” The Pola brand remains sluggish, but strong online Orbis sales are supporting profit, so the firm forecasts continued modest profit growth from F12/25 and the lowered guidance “looks reasonable,” the analyst tells investors.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue