CLSA analyst Jun Kato downgraded Takashimaya to Sell from Outperform with a price target of 1,500 yen, down from 1,600 yen. The analyst expects the company’s revenue to continue to grow next fiscal year but at a slower pace than peers and says a lot of the good news is already priced into the shares.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly