Morgan Stanley MUFG, Citi Raise Price Targets
By Aya Wagatsuma
August 27, 2024
MS-MUFG analysts including Tetsuro Tsusaka wrote that a fair value of ¥1,500 could be plausible from its mobile business contribution.
“Competitiveness is recovering with network quality improving, prices looking more appealing versus competitors and synergies from the Rakuten ecosystem,” he wrote. The firm raised its price target to ¥1,300 from ¥1,100. |