Jefferies initiated coverage of Shimamura with a Buy rating and 10,000 yen price target. The analyst is bullish on Japan’s retail sector, and within its subsectors, it believes department stores and fashion apparel specialty stores “look especially attractive.” The firm is likes “high-growth firms” in the drugstore space.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHAOF: