Goldman Sachs upgraded Sumitomo Realty to Buy from Neutral with a price target of 6,100 yen, down from 6,600 yen. The analyst revised ratings in Japan real estate, saying rate increase risk is mostly priced in for developers. The firm remains cautious on Japan real estate investment trusts.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off