Goldman Sachs downgraded Tokyo Tatemono to Neutral from Buy with a price target of 2,800 yen, down from 3,100 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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TYTMF: