TD Cowen analyst Doug Creutz raised the firm’s price target on Sony (SONY) to $28 from $23 and keeps a Buy rating on the shares. The firm said they reported Q3 2024 results that beat consensus estimates on both top and bottom lines. The company again modestly raised 2024 revenue and OIBDA guidance with the latter driven by upward revisions to G&NS and Music.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SONY:
- Sony’s Growth Potential and Strategic Initiatives Drive Buy Rating
- Sony’s Earnings Call: Strong Gains Amid Challenges
- Sony’s Robust Q3 Performance and Upward Revision in Guidance Justify Buy Rating
- Sony Stockholders Celebrate Profits While PlayStation Gamers Rejoice After Its State of Play
- Sony Announces Share Repurchase Facility to Enhance Capital Efficiency