Markets & Finance

Merrill Cuts Sony Outlook


Merrill Lynch downgraded Sony (SNE) to near-term neutral from accumulate and long-term accumlate.

Analyst Hitoshi Kuriyama says results came as a negative surprise, and can be attributed to a substantially larger than expected slowdown in demand for electronic products. He says he'll have to significantly reduce operating profit estimate; and thinks fair share value should be recalculated after an adjustment of forecasts. He sees high probability of a near-term downside risk.


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus