Deutsche Bank Upgrades Line Corp. (LN) to Buy, Sees More Beats On The Way

Deutsche Bank upgraded Line Corp. (NYSE: LN) from Hold to Buy.

Analyst Han Joon Kim believes the Q3 print markets an inflection point for the stock. The analyst believes the 16-17% OP margin is far below the potential normalized 30% OPM. The analyst believes "we now have enough earnings support to Buy into LINE for mid-term picture" according to a mid morning note on Wednesday.

For an analyst ratings summary and ratings history on Line Corp. click here. For more ratings news on Line Corp. click here.

Shares Line Corp. closed at $36.79 yesterday.

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