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Fly News Breaks for February 28, 2019
NMR
Feb 28, 2019 | 09:45 EDT
JPMorgan analyst Wataru Otsuka started Nomura Holdings with an Underweight rating and 390 yen price target. The company's problems stem from its late start at structural reforms in its traditional businesses, Otsuka told investors earlier in a research note. Nomura's "lull in profits" is likely to continue "for a while," the analyst says.
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