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Mitsubishi HC Capital extends gains after foreign brokerage initiates coverage with Overweight rating
Mitsubishi HC Capital Inc. <8593> continued to rise. Morgan Stanley MUFG Securities initiated coverage on Mitsubishi HC Capital with an Overweight rating and a target price of \1,690 as of the 1st. The brokerage evaluated the company as having significant exposure to pure leasing operations, noting that it is likely to outperform TOPIX in an environment where inflation is a concern. The firm anticipates that initiatives to improve ROE (return on equity) will gain momentum during the next medium-term business plan period.
Source: MINKABU PRESS
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