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Sony price target raised to $118 from $102 at Cowen

Sony price target raised to $118 from $102 at Cowen

Cowen analyst Doug Creutz raised the firm’s price target on Sony to $118 from $102 and keeps an Outperform rating on the shares. The analyst said the company slightly lowered FY22 revenue guidance but modestly increased guidance on OI with solid execution offsetting macro pressure and expectations for PlayStation set to accelerate in 2023.

Published first on TheFly

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