Taiyo Yuden initiated with a Buy at Jefferies

Jefferies initiated coverage of Taiyo Yuden with a Buy rating and 4,620 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.”