Sysmex (TSE:6869) Is Up 5.5% After Goldman Sachs Upgrade on Improved Growth Outlook—Has the Bull Case Changed?
Goldman Sachs upgraded Sysmex Corporation from Neutral to Buy, citing improved growth prospects after the company reported better quarterly results. Concerns about earnings, particularly in China, are seen as already priced in, making the stock more appealing. The upgrade suggests that Sysmex may have reached an earnings bottom, shifting focus to upcoming earnings releases and regulatory approvals. However, uncertainties remain regarding its China operations and revised earnings guidance, which could lead to volatility. Analysts have differing fair value estimates for Sysmex, indicating varied outlooks on its future performance.
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