Goldman Sachs analyst Atsushi Ikeda downgraded Zeon Corp. to Neutral from Buy with a price target of 1,400 yen, down from 1,660 yen. The firm has lowered its FY3/24-FY3/26 operating profit estimates by 15%-25% as it has cut its outlooks for synthetic rubber, chemical products, latex, and battery materials.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>