Zeon Corp. price target raised to 1,500 yen from 1,400 yen at Citi

Citi raised the firm’s price target on Zeon Corp. to 1,500 yen from 1,400 yen and keeps a Neutral rating on the shares. The firm notes FY3/24 Q4 earnings and FY3/25 guidance beat expectations, and with results Zeon enhanced shareholder returns and the share price subsequently rose. Citi remains cautious about downside risk following the MTP progress briefing and FY3/25 Q1 results.