Sony downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research downgraded Sony (SONY) to Peer Perform from Outperform with no price target Rising costs and weakening consumer confidence from “reciprocal” tariffs mean real risk to profit forecasts given that about 30% of Sony’s customer sales are derived from the US and about 70% of core operating profits excluding Financial Services are sourced from consumer discretionary segments, the analyst tells investors.