PCRFY - Panasonic: Watch Portfolio Rationalization Moves And Emerging Markets Expansion

2024-04-03 16:58:49 ET

Summary

• PCRFY's planned sale of a majority stake in Panasonic Automotive Systems is seen as a favorable move from the portfolio optimization angle.
• PCRFY is actively expanding its operations in certain emerging markets as evidenced by recent news flow.
• I rate Panasonic Holdings as a Buy with potential valuation re-rating drivers like portfolio rationalization and geographic expansion.

Elevator Pitch

Panasonic Holdings Corporation ( PCRFY ) is rated as a Buy.

I wrote about Panasonic's shareholder capital return approach and portfolio restructuring potential in my prior update published on Nov. 16 last year....

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