Nomura Research Earnings May be Supported by it Work for Banks
Dow Jones
Sep 25
0212 GMT - Nomura Research Institute's earnings are likely to be supported by continued strength in information-technology services for the financial industry, including insurance, Jefferies's Hiroko Sato says in a note. Cybersecurity demand should also continue to support the company's IT infrastructure services, the analyst says. The Japanese consulting and IT services company's management has indicated that both the current-year guidance and medium-term targets are set conservatively, leaving scope for earnings outperformance over time, she says. Jefferies raises its target price on the stock to 6,150 yen from Y5,500 and maintains a buy rating. Shares are 0.3% higher at Y5,050.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.