http://www.americanbankingnews.com/getthestreet upgraded shares of Sony (NYSE: SNE) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.
“Sony Corporation (SNE) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its good cash flow from operations, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself.”
,” TheStreet’s analyst commented.
SNE has been the subject of a number of other recent research reports. Analysts at Citigroup reiterated a buy rating on shares of Sony in a research note to investors on Wednesday, February 6th. They now have a $17.60 price target on the stock. Finally, analysts at Bank of America upgraded shares of Sony from a neutral rating to a buy rating in a research note to investors on Friday, January 25th.
Sony traded up 1.21% on Thursday, hitting $14.24. Sony has a 1-year low of $9.57 and a 1-year high of $22.35. The stock’s 50-day moving average is currently $13.55. The company’s market cap is $14.291 billion.
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