Goldman Sachs downgraded Sumitomo Realty (SURDF) to Neutral from Buy with a 4,700 yen price target The firm cites limited upside to its new price target which factors in higher cap rates amid rising interest rates.
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 SURDF: