Macquarie Upgrades Sony (SNE) to Outperform

May 23, 2011 2:52 PM EDT
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Price: $106.01 --0%

Rating Summary:
    11 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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An analyst at Macquarie upgraded shares of Sony Corp. (NYSE: SNE) from Neutral to Outperform earlier amid Monday's 2 percent move lower in the stock.

The downside follows news the company will take a $4.41 billion non-cash charge related to the March 11th earthquake and tsunami and a charge for valuation against certain deferred tax assets in Japan.

For more ratings news on Sony Corp. click here and for the rating history of Sony Corp. click here.


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