New Japanese Analyst Ratings (ATE, IX, KNBWY, KUB, SNE)

by: Steven Towns

There were a number of new analyst ratings issued today for Japanese stocks with ADRs. Among these Sony (SNE) was rated by 3 I-banks with target share prices ranging from 5,700 yen to 7,500 yen. I personally am somewhat bearish on Sony and instead like Matsushita Electric Industrial (MC) and Sharp ( but that's another post. Holders or potential buyers of Advantest (ATE) may be happy to learn that Morgan Stanley (Japan) raised its target share price from 14,500 yen to 16,500 yen. A summary of analyst ratings follows.

Japanese analyst ratings for 2/28

Advantest (ATE) -- Morgan Stanley (Japan) maintains its "equal-weight" rating and increased its target from 14,500 yen to 16,500 yen

Kirin Brewery (KNBWY) -- Merrill Lynch (Japan) maintains its "buy" rating and 1,700 yen target

Kubota (KUB) -- Nikko-Citi maintains a "1M" rating meaning "overweight" with a medium risk level, price target increased from 1,200 to 1,300 yen

Orix (IX) -- Shinko Securities upgraded it from a "2" to a "2+" meaning it went from "neutral" to "buy" but Shinko's highest rating is a "1," one above "2+"

Sony (SNE) -- Nikko-Citi maintains "2H" rating meaning "equal-weight" with high risk and a price target of 5,700 yen; Goldman Sachs (Japan) maintains its "out-perform" rating; Credit Suisse maintains its "outperform" rating and 7,500 yen target

Today's closing prices in Tokyo:

    • Advantest: 13,330 yen (-0.97%)
    • Kirin Brewery: 1,538 yen (+0.39%)
    • Kubota: 1,150 yen (+3.23%)
    • Orix: 31,100 yen (-1.58%)
    • Sony: 5,530 yen (-1.95%)