Sony outperforms with double-digit profit growth
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CFRA Upgrades Sony (SONY) to Buy
August 9, 2024 10:50 AM EDTCFRA analyst Hazim Bahari upgraded Sony (NYSE: SONY) from Hold to Buy with a price target of $102.00 (from $88.00).
The analyst comments "Sony's Q1 FY 25 (Mar.) results came in within our expectations with net profit +6% to JPY231 bln on revenue +2% to JPY3.0 tln.... More
UBS analysts say this stock is highly resistant to macro-economic weakness
August 8, 2024 11:00 PM EDTAnalysts at UBS highlighted a. consumer electronics giant as one name that is proving to be highly resilient in the face of macro-economic challenges.
According to UBS analysts, Sony Group's (NYSE: SONY) Q1 operating profit of ¥279.1 billion was in line with expectations, narrowly beating consensus forecasts of ¥272.3 billion.
They state that the strength of Sony's games business was... More
