Citi upgraded LY Corp to Buy from Neutral with a price target of 560 yen, up from 470 yen. The company’s newly announced medium-term plan targets also include performance-linked remuneration indicators for management, and capital allocation measures also incorporate risk mitigation elements for attaining earnings, which leaves a positive impression, 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 >>
Questions or Comments about the article? Write to editor@tipranks.com