Mitsubishi UFJ price target raised to 1,340 yen from 1,060 yen at Goldman Sachs

Goldman Sachs raised the firm’s price target on Mitsubishi UFJ to 1,340 yen from 1,060 yen and keeps a Conviction Buy rating on the shares. The firm sees potential tailwinds in steady growth in domestic/overseas corporate lending at present, and in Asia’s economic reopening and possibly a recovery in the capital and bond markets going forward.