Sumitomo Forest ＜1911＞ continued to decline drastically. At Morgan Stanley MUFG Securities, the investment decision was downgraded from “overweight” to “equal weight,” and the target stock price is 7100 yen. The medium-term steady trend in the US detached housing market against the backdrop of structural housing shortages, and although expectations for enjoying the benefits continue to be high, the sense of undervaluation at the PER level has receded due to year-to-date stock price increases, and it seems that expectations for improvements in the housing market due to lower mortgage interest rates have generally been factored in.
住友林---大幅続落、米金利低下期謳い織り込んだとして米系証券では格下げ
Sumitomo Forestry - significantly declined, downgraded by US securities firms citing lower US interest rates.
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