IIJ <3774> has seen a significant continued decline. Jefferies Securities has downgraded the investment rating from "Buy" to "Hold," with a Target Price set at 3,450 yen. The relative stock price level is considered overvalued due to the robust price movement. It is believed that further premium valuation is difficult until it can be confirmed that there are no significant impacts from the VMware price increase issue that occurred in the first half. Additionally, it is suggested that sales in the network division may have stagnated as sales representatives have been overwhelmed with customer support related to VMware.
IIJ---大幅続落、株価水準は相対的に割高として米系証券が投資判断を格下げ
IIJ---Significant continued decline, stock price level is relatively overvalued, leading a US securities firm to downgrade its investment determination.
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