NTTYY - NTT: Focus On Long-Term Driver And Short-Term Catalyst

2024-07-05 15:11:27 ET

Summary

• NTT DATA Group Corporation is rated as Buy with a potential short-term catalyst and a key long-term growth engine.
• The company's international expansion efforts for the long run are strengthened by the creation of a new entity and positive regulatory changes.
• In the near term, a new share repurchase program announcement in August could possibly be a potential re-rating catalyst.

Elevator Pitch

I rate NTT DATA Group Corporation ( NTTYY , NPPXF ) [9432:JP], or NTT Corporation, as a Buy....

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