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Wall Street Analyst: Sell Sony Stock!!!

Reporting from the BusinessWeek Stock Picks and Pans, S&P Ups Sony to Sell:

Our action is based on valuation, since the current price of Sony shares is near our 12-month target price of $44. After management's recent fiscal year 2007 (ending March) guidance, we continue to believe that any potential upside in share price would be limited by a lack of visibility in Sony's games division. We are maintaining our fiscal year 2007 (ending March) and fiscal year 2008 earnings per share (EPS) estimates of 72 cents and 78 cents, respectively.

There is good news in this analyst report in that they have raised Sony from 1 Star (Stong Sell) to 2 Stars (Sell)... 

Riiiidge Raaaacer!!!

 

 

Published Friday, June 02, 2006 8:07 PM by xbox 360 Deals

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