Nomura, CLSA, HSBC and Jefferies maintained their ‘buy’ rating on the stock, while JPMorgan, Macquarie and Morgan Stanley retained their outperform outlook on the stock. These brokerages expect the stock to rise between 6% and 17% from their respective price forecasts.
Global Market Today: Asian stocks waver as oil gains fuel inflation, rate concerns
Government bonds in Japan, Australia and New Zealand retreated, following declines in Treasuries during the New York session. Weak demand at a $70 billion sale