Sompo Holdings upgraded to Buy from Neutral at Goldman Sachs » 12:1606/2906/29/20
Goldman Sachs analyst…
Goldman Sachs analyst Shinichiro Nakamura upgraded Sompo Holdings to Buy from Neutral with a price target of 4,090 yen, up from 3,760 yen. Nakamura thinks the company, particularly Sompo International, will benefit from rising insurance rates prompted by the impact of COVID-19 over the next few years and he prefers the P&C insurance subsector in terms of medium- to long-term profit growth, the analyst tells investors.
|Over a quarter ago|
Sompo Holdings upgraded to Buy from Hold at Jefferies » 08:2003/2703/27/20
Jefferies analyst Hideyasu Ban upgraded Sompo Holdings to Buy from Hold with a price target of 4,450 yen, down from 4,900 yen. The direct impact from COVID-19 on P+C insurers does not appear to be as large when compared to other industries, said Ban, who views Sompo as a top pick in the sector.