Takashimaya downgraded to Sell from Outperform at CLSA

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.