Jefferies Starts Fast Retailing Co Ltd. (9983:JP) at Hold
Jefferies analysts initiate coverage on Fast Retailing Co Ltd. with a Hold rating and a price target of JPY40,000.00.
The analysts comment:"We initiate coverage of Fast Retailing with a Hold rating and PT of ¥40,000. The largest Japanese apparel retailer is on the cusp of accelerating global expansion, and we believe FR is well-equipped to execute growth and take share. Its Stop&Go procurement is likely to improve inventory control, but we think current valuation is in a fair range.
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