Goldman Sachs Group Inc and Morgan Stanley have 12-month targets of 2,250 for the benchmark Topix index, implying a gain of 12% from Thursday’s close, while UBS SuMi Trust Wealth Management sees it hitting that level by June.
JAPANESE equities are primed to close the gap to global peers in 2022, analysts and strategists say, with the country’s cheap valuations, low inflation and high vaccination rates set to make up for a disappointing 2021.
Goldman Sachs Group Inc and Morgan Stanley have 12-month targets of 2,250 for the benchmark Topix index, implying a gain of 12% from Thursday’s close, while UBS SuMi Trust Wealth Management sees it hitting that level by June.
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