Market Overview

UPDATE: Bank of America Downgrades Mitsubishi UFJ Financial to Neutral on Multiple Positive Factors


In a report published Wednesday, Bank of America analyst Nana Otsuki downgraded the rating on Mitsubishi UFJ Financial Group (NYSE: MTU) from Buy to Neutral, but slightly raised the price target from $6.41 to $6.92.

In the report, Otsuki noted, “Positives are (1) relative strength in the overseas business, (2) strongest capitalization among the Japan's major banks, which could give some capacities for various business developments, (3) good prospects for strengthening its group companies, and (4) generally limited credit risks on the balance sheet. However, negatives are continued NIM decline, risk of acquisition, and lack of catalysts while smaller direct benefits are likely from new government policies.”

Mitsubishi UFJ Financial Group closed on Tuesday at $6.80.

Latest Ratings for MTU

Feb 2016CitigroupDowngradesNeutralSell
May 2013Bank of AmericaDowngradesBuyNeutral
Apr 2013UBSDowngradesNeutralSell

View More Analyst Ratings for MTU
View the Latest Analyst Ratings


Related Articles (MTU)

View Comments and Join the Discussion!

Posted-In: Bank of AmericaAnalyst Color Downgrades Analyst Ratings

Latest Ratings

HUBGStephens & Co.Maintains52.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at