TOKYO, Feb 16 (Reuters) - The following is a list of
ratings that have been assigned by Nikko Citigroup, Nikko Citigroup said on Monday.
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Rated higher:
Nissan Motor Co Ltd (7201.T) -- "1M" from "3M" (target price 260yen->335yen)
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Rated lower:
T&D Holdings Inc (8795.T) -- "2H" from "1H" (target price 8060yen->3180yen)
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Rating unchanged:
Sony Financial Holdings Inc (8729.T) -- "1H" (target price 588000yen->360000yen)
Pacific Golf Group International Holdings KK (2466.T) -- "1H" (target price 50200yen->51300yen)
East Japan Railway Co (9020.T) -- "1M" (target price 7900yen->7600yen)
Showa Denko KK (4004.T) -- "1M" (target price 170yen->150yen)
Ariake Japan Co Ltd (2815.T) -- "1M" (target price 2400yen->2300yen)
Central Japan Railway Company (9022.T) -- "1M" (target price 1070000yen->935000yen)
DeNA Co Ltd (2432.T) -- "1S"
Nippon Zeon Co Ltd (4205.T) -- "2H"
Fuji Electric Holdings Co Ltd (6504.T) -- "2H"
Resorttrust Inc (4681.T) -- "2H"
West Japan Railway Co (9021.T) -- "2M" (target price 423000yen->360000yen)
Seino Holdings Co Ltd (9076.T) -- "2M"
Ryoshoku Ltd (7451.T) -- "2M"
Daicel Chemical Industries Ltd (4202.T) -- "2M" (target price 450yen->370yen)
Sumitomo Rubber Industries Ltd (5110.T) -- "2M"
Sumitomo Bakelite Co Ltd (4203.T) -- "2M" (target price 340yen->360yen)
Opt Inc (2389.Q) -- "2S"
Takefuji Corp (8564.T) -- "3H" (target price 608yen->323yen)
Asatsu-DK Inc (9747.T) -- "3M" (target price 2000yen->1400yen)
Toyota Motor Corp (7203.T) -- "3M" (target price 2180yen->2620yen)
Dentsu Inc (4324.T) -- "3M"
Pioneer Corp (6773.T) -- "3S"
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Nikko Citigroup assigns ratings as follows:
"1L" or "Buy/Low Risk" - issues expected to outperform ETR by 10
percentage points.
"1M" or "Buy/Medium Risk" - issues expected to outperform ETR by 15
percentage points.
"1H" or "Buy/High Risk" - issues expected to outperform ETR by 20
percentage points.
"1S" or "Buy/Speculative" - issues expected to outperform ETR by 35 percentage points.
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"2L" or "Hold/Low Risk" - issues expected to outperform ETR greater
than zero, but below 10 percentage points.
"2M" or "Hold/Medium Risk" - issues expected to outperform ETR greater
than zero, but below 15 percentage points.
"2H" or "Hold/High Risk" - issues expected to outperform ETR greater
than zero, but below 20 percentage points.
"2S" or "Hold/Speculative" - issues expected to outperform ETR greater
than zero, but below 35 percentage points.
"3L" or "Sell/Low Risk" - issues expected to perform less than or equal
to ETR.
"3M" or "Sell/Medium Risk" - issues expected to perform less than or
equal to ETR.
"3H" or "Sell/High Risk" - issues expected to perform less than or
equal to ETR.
"3S" or "Sell/Speculative" - issues expected to perform less than or
equal to ETR.
Expected Total Return (ETR) - expectation of total return
(projected share price appreciation
plus forcast dividend yield) within
12 months.
