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RESEARCH ALERT-Nikko Citigroup ratings(Feb 9)

Mon Feb 9, 2009 12:16am EST

Stocks

   
   TOKYO, Feb 9 (Reuters) - The following is a list of
ratings that have been assigned by Nikko Citigroup, Nikko Citigroup said  on Monday.
--------------------------------------------------
Rated higher:
 Capcom Co Ltd (9697.T) -- "1H" from "2H" (target price 2600yen)
 Seven Bank Ltd (8410.Q) -- "1M" from "2M" (target price 310000yen)
 Fukuoka Financial Group Inc (8354.T) -- "1M" from "2M" (target price 420yen)
--------------------------------------------------
Rated lower:
 Konami Corp (9766.T) -- "2H" from "1H" (target price 2400yen->1900yen)
 Resorttrust Inc (4681.T) -- "2H" from "2M" (target price 1570yen->960yen)
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Rating unchanged:
 Nidec Corp (6594.OS) -- "1H" (target price 4500yen->5600yen)
 Rohm Co Ltd (6963.OS) -- "1H" (target price 5400yen)
 Suzuken Co Ltd (9987.T) -- "1H" (target price 3000yen)
 Mitsui Fudosan Co Ltd (8801.T) -- "1M" (target price 3000yen)
 Isetan Mitsukoshi Holdings Ltd (3099.T) -- "1M" (target price 1220yen->950yen)
 Sankyo Co Ltd (pinball) (6417.T) -- "1M" (target price 5400yen)
 Daihatsu Motor Co Ltd (7262.T) -- "1M" (target price 1000yen->860yen)
 Showa Denko KK (4004.T) -- "1M" (target price 170yen)
 Shizuoka Bank Ltd (8355.T) -- "1M" (target price 1340yen)
 Mitsubishi Estate Co Ltd (8802.T) -- "1M" (target price 3000yen)
 Sumitomo Realty & Development Co Ltd (8830.T) -- "1M" (target price 3700yen)
 Nippon Telegraph and Telephone Corp. (9432.T) -- "1M" (target price 5700yen)
 Dwango Co Ltd (3715.T) -- "1S" (target price 344000yen->337000yen)
 Softbank Corp (9984.T) -- "1S" (target price 1800yen)
 Shinko Electric Industries Co Ltd (6967.T) -- "2H" (target price 600yen->900yen)
 Ibiden Co Ltd (4062.T) -- "2H" (target price 1700yen->2100yen)
 Mitsubishi Gas Chemical Co Inc (4182.T) -- "2H" (target price 420yen)
 Fuji Media Holdings Inc (4676.T) -- "2H" (target price 140000yen)
 Cosmo Oil Co Ltd (5007.T) -- "2H" (target price 260yen)
 NGK Spark Plug Co Ltd (5334.T) -- "2H" (target price 850yen->800yen)
 Credit Saison Co Ltd (8253.T) -- "2H" (target price 1220yen->1000yen)
 Tsubakimoto Chain Co (6371.T) -- "2H" (target price 280yen)
 Mitsui Engineering & Shipbuilding Co Ltd (7003.T) -- "2H" (target price 130yen)
 Hirose Electric Co Ltd (6806.T) -- "2H" (target price 9200yen)
 Denki Kagaku Kogyo Co Ltd (4061.T) -- "2M" (target price 220yen)
 Lion Corp (4912.T) -- "2M" (target price 530yen)
 SMC Corp (6273.T) -- "2M" (target price 9500yen)
 Nippon Television Network Corp (9404.T) -- "2M" (target price 10000yen)
 Kose Corp (4922.T) -- "2M" (target price 2900yen->1900yen)
 Fukuyama Transporting Co Ltd (9075.T) -- "2M" (target price 460yen)
 Daicel Chemical Industries Ltd (4202.T) -- "2M" (target price 450yen)
 Mixi Inc (2121.T) -- "2S" (target price 595000yen->587000yen)
 Kakaku. com Inc (2371.T) -- "2S" (target price 373000yen->383000yen)
 Sharp Corp (6753.T) -- "3H" (target price 570yen)
 Sanyo Electric Co Ltd (6764.T) -- "3H" (target price 100yen)
 Murata Manufacturing Co Ltd (6981.OS) -- "3H" (target price 2800yen->3300yen)
 Toyota Motor Corp (7203.T) -- "3M" (target price 2180yen)
 Japan Airlines Corp (9205.T) -- "3M" (target price 180yen)
 Isuzu Motors Ltd (7202.T) -- "3M" (target price 110yen)
--------------------------------------------------
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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