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Macquarie cuts Sony (SONY) as headwinds are 'biting'

February 15, 2024 2:02 PM EST

Macquarie Equity Research analyst Damian Thong downgraded shares of (NYSE: SONY) to Neutral from Outperform in a note Thursday, noting that the stock is close to their JPY 15,000 price target.

Furthermore, the analyst said headwinds are "biting" for the company, while its market... More