Jefferies Starts Sumitomo Mitsui Financial Group (SMFG) at Buy; Short-term Supply-demand Could Improve

Jefferies initiates coverage on Sumitomo Mitsui Financial Group (NYSE: SMFG) with a Buy. Price target Y2,350.

Jefferies analyst says, "We see SMFG as having the best long-term growth prospects, the highest ROE and the lowest overhead ratio. We also see possible positive near-term supply-demand factors through their proposed share buyback."

For an analyst ratings summary and ratings history on Sumitomo Mitsui Financial Group click here. For more ratings news on Sumitomo Mitsui Financial Group click here.

Shares of Sumitomo Mitsui Financial Group closed at $5.32 yesterday.

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