Jefferies analyst Atul Goyal upgraded Panasonic to Buy from Hold with a price target of 2,060 yen, up from 1,256 yen. The sale of Panasonic’s auto-systems business likely starts a journey to restructure itself to higher return on equity company, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PCRFY:
