[Analyst Rating] Sumitomo Forestry, bullish rating maintained, target price cut to ¥1,650 (major Japanese securities firm) (IFIS Stock Forecast)

The story

A major Japanese securities firm maintained its bullish (Buy) rating on Sumitomo Forestry as of 5 November. Meanwhile, the target price was cut from the previous ¥1,920 to ¥1,650.

As of 4 November, the day before the securities firm's announcement, the rating consensus was 4, based on 7 analysts, while the target price consensus was ¥1,586, also based on 7 analysts.

TOTO, LIXIL, Sekisui House and Daiwa House Industry were cited as related stocks, but the article contains no comments on or specific discussion of the impact on these stocks.

At a glance

CompanySumitomo Forestry (1911)

DateAnnounced and distributed on 5 November

ScaleRating maintained at Buy; price target cut to ¥1,650

NatureRating change and price target revision

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