SNEJF - Sony: Staying Neutral With In-Line Results And Mixed Developments
2024-05-14 10:00:00 ET
Summary
- Sony's actual FY 2023 operating profit was pretty close to the company's management guidance and the sell-side analysts' forecasts.
- The appointment of new co-CEOs for Sony Interactive Entertainment and Sony Pictures' potential M&A deal involving Paramount are the key developments to watch.
- I choose to leave my existing Hold rating unchanged, in view of its latest results and recent corporate moves.
Elevator Pitch
Sony Group Corporation ( SNEJF ) ( SONY ) [6758:JP] is awarded a Hold investment rating....
Sony: Staying Neutral With In-Line Results And Mixed Developments