しまむら shares rose as high as ¥3,410, up ¥81 from the previous Friday's close. Nomura Securities raised its target price to ¥3,600 to support the achievement of the company's long-term vision.
しまむら shares extended their gains, reaching as high as ¥3,410 at 12:30 p.m., up ¥81 from the previous Friday's close. According to a Nikkei report, Nomura Securities raised its target price on the 23rd from ¥3,500 to ¥3,600.
The reasons for the increase included greater cost efficiency, and the move was viewed as groundwork for implementing the company's long-term growth strategy. As the article is for subscribers, detailed analysis and additional information have been omitted.