Kyocera initiated with a Hold at Jefferies

Jefferies initiated coverage of Kyocera with a Hold rating and 2,200 yen price target as the analyst started or took over coverage of 16 companies in the electronic components sector. Among its Buy ratings, the firm recommends TDK and Murata Manufacturing as “core holdings” and identifies Taiyo Yuden and Nidec as its “Top Picks.”