A major U.S. brokerage maintained its bullish rating on Sumitomo Chemical and raised its target price from ¥720 to ¥790. As of the previous day, the consensus was notably a Buy rating and a target price of ¥681.
On 28 September, a major U.S. brokerage maintained its bullish rating on Sumitomo Chemical (Buy, 1) and raised its target price from ¥720 to ¥790. The market consensus was also reported as a rating of 4.11 and a consensus target price of ¥681.
Sumitomo Chemical's latest share price in information released on the same day was ¥576.7, up ¥6.7 from the previous day. The increase in the target price was the main focus of market attention.
Related stocks included Kansai Paint, Mitsubishi Chemical Group, Asahi Kasei and Shin-Etsu Chemical. Investors are also showing increased interest in trends among peers.
The news was reported by IFIS Japan, with the information provided by an external source.