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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Read More on SONY:
- Sony rolls out PS5 software beta Discord Voice Chat, VRR support for 1440p
- Sony Raises Earnings Outlook for FY23
- Sony raises FY net income view to Y870B from Y840B
- Sony reports nine months EPS Y654.41 vs. Y622.03 last year
- Sony appoints CFO Hiroki Totoki as president, succeeding Kenichiro Yoshida
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