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Fly News Breaks for February 5, 2019
PCRFY
Feb 5, 2019 | 07:03 EDT
Nomura Instinet analyst Yu Okazaki yesterday downgraded Panasonic to Neutral and lowered his price target for the shares to 1,100 yen from 1,600 yen. The analyst sees an "uncertain growth scenario" with competitive conditions intensifying in Japan and overseas for the appliances segment.
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