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RESEARCH ALERT-Nikko Citigroup ratings(Feb 18)

Tue Feb 17, 2009 10:44pm EST

Stocks

    
   TOKYO, Feb 18 (Reuters) - The following is a list of
ratings that have been assigned by Nikko Citigroup, Nikko Citigroup said  on Wednesday.
--------------------------------------------------
Rating unchanged:
 Shionogi & Co Ltd (4507.T) -- "1H"
 DA Office Investment Corp (8976.T) -- "1L"
 Frontier Real Estate Investment Corp. (8964.T) -- "1L"
 Softbank Corp (9984.T) -- "1S" (target price 1800yen->1940yen)
 Fujitsu Ltd (6702.T) -- "2H"
 Mabuchi Motor Co Ltd (6592.T) -- "2H" (target price 3800yen->3600yen)
 Tokyo Steel Manufacturing Co Ltd (5423.T) -- "2H"
 Mitsubishi Chemical Holdings Corp (4188.T) -- "3M" (target price 380yen->300yen)
 Fuji Heavy Industries Ltd (7270.T) -- "3M" (target price 250yen->280yen)
 Mitsubishi Motors Corp (7211.T) -- "3S" (target price 65yen->50yen)
--------------------------------------------------
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.                   
538976288
"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.



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