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SAIZERIYA shares fall after foreign brokerage downgrades to Equal Weight on weak Japan profitability
Saizeriya Co., Ltd. <7581> shares fell after Morgan Stanley MUFG Securities downgraded the company’s investment rating to "Equal Weight" from "Overweight" on the 15th. The brokerage revised its target price down to 5,500 yen from 7,900 yen, citing concerns over low profitability in the Japan business. It lowered its five-year compound annual growth rate (CAGR) forecast for Saizeriya's operating profit to 12% from 17%. The firm believes there is limited room for domestic margin improvement amid rising cost pressures, given the company's policy of not raising prices.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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