Bernstein analyst Melinda Hu re-initiated coverage of Shiseido (SSDOY) with an Underperform rating and 1,700 yen price target The firm re-initiated coverage on the China consumer sector with a cautious view on consumption. The cosmetics sector faces structural challenges and rich valuations, 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>>
Read More on SSDOY:
Questions or Comments about the article? Write to editor@tipranks.com