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Japan’s real estate industry raised to ‘neutral’ at Daiwa

Posted on 15 June 2009

From Bloomberg: Japan’s real estate industry was raised to “neutral” from “underweight” by an analyst at Daiwa Securities Inc., who said the market is expected to bottom out by next March with improvement in credit.

Among ratings changes for specific companies, Daiwa analyst Masato Nakagawa raised Sumitomo Realty & Development Co. to “buy” from “underperform,” Tokyu Land Corp. to “neutral” from “underperform,” and cut Mitsubishi Estate Co. to “underperform” from “neutral.” ……..Full Article: Source


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