Jefferies Starts Mitsubishi UFJ Financial (MTU) at Underperform; Success May Not Breed Success

Jefferies initiates coverage on Mitsubishi UFJ Financial (NYSE: MTU) with a Underperform. Price target Y280.

Jefferies analyst says, "MTU has outperformed the other megabanks this year, and with a more volatile earnings stream going forward from Morgan Stanley (NYSE: MS), and a risk of financing associated with any M&A deal, we believe we could see share price underperformance from MTU."

For an analyst ratings summary and ratings history on Mitsubishi UFJ Financial click here. For more ratings news on Mitsubishi UFJ Financial click here.

Shares of Mitsubishi UFJ Financial closed at $4.17 yesterday.

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