Jefferies Upgrades Mizuho Financial Group Inc. (MFG) to Buy

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March 28, 2012 7:37 AM EDT
Get Alerts MFG Hot Sheet
Price: $10.28 +1.48%

Rating Summary:
    3 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Jefferies upgraded Mizuho Financial Group Inc. (NYSE: MFG) from Hold to Buy.

The firm comments, "We upgrade Mizuho to BUY from Hold and raise our target price to ¥170 from ¥134. This is due to earning revisions to reflect the changes in our market assumptions (TOPIX and FX) and expansion of multiples. Our new target price is based on 0.82X P/BV applied to ¥206.85, our BPS estimate for FY3/13."

For an analyst ratings summary and ratings history on Mizuho Financial Group Inc. click here. For more ratings news on Mizuho Financial Group Inc. click here.

Shares of Mizuho Financial Group Inc. closed at $3.35 yesterday.

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