BofA/Merrill Lynch Starts ORIX Corporation (IX) at Buy

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December 8, 2014 6:32 AM EST
Get Alerts IX Hot Sheet
Price: $40.36 -0.54%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 15 | New: 9
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BofA/Merrill Lynch initiates coverage on ORIX Corporation (NYSE: IX) with a Buy rating and ¥2,000 price target.

Analyst Futoshi Sasaki said the consensus expectation is for a double-digit profit decline in FY3/16, but we expect profits to stay in an uptrend.

For an analyst ratings summary and ratings history on ORIX Corporation click here. For more ratings news on ORIX Corporation click here.

Shares of ORIX Corporation closed at $67.67 yesterday.


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