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Sumitomo Realty downgraded to Neutral from Buy at Goldman Sachs

Sumitomo Realty downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs downgraded Sumitomo Realty (SURDF) to Neutral from Buy with a 4,700 yen price target The firm cites limited upside to its new price target which factors in higher cap rates amid rising interest rates.

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