Goldman Sachs upgraded Sumitomo Rubber Industries to Neutral from Sell with a price target of 1,700 yen, up from 1,650 yen. Some concerns remain, but the firm thinks downside is limited given that the stock is now trading at a “historically low” valuation.
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.