Broker Says DRAM Price Spike Largely Reflected in Sony Share Decline; Rating Unchanged
A research note from Sony's covering broker says the recent fall in the company's share price implies much of the impact from surging memory prices is already priced in. The broker trimmed its sum-of-the-parts price objective and reduced its FY3/27 operating profit estimate to account for sharply higher memory costs, while reiterating a Buy rating …