"Japanese Stocks" Sony (6758.JP) rose 3% after being upgraded to "Buy" by Nomura, with a target price increase
Sony (6758.JP) closed at 4,461 yen today (20th), up 2.98% for the day. Nomura Securities upgraded its investment rating from "Neutral" to "Buy," raising the target price from 4,700 yen to 5,300 yen, and revised its earnings forecast for the period ending March 2027. The growth in PS Plus memberships and ARPU has driven the expansion of network service profits, while the renewal of music streaming contracts has also boosted growth, making the entertainment business core, with gaming and music profits expected to remain high
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