DJ Secom Co. Valuation Looks Attractive as Business Recovers From Covid -- Market Talk
0405 GMT - Secom Co.'s current valuation looks more attractive than its international peers, supported by its solid cash flow, Jefferies says. Sales of the company's security business rose in 3Q, recovering from the Covid-19 pandemic, and Jefferies expects Secom's contracts for electronic security to increase gradually. The U.S. bank maintains a buy call and raises its target price to Y11,700 from Y11,500. Shares rise 5.5% to Y10,155. (firstname.lastname@example.org)
(END) Dow Jones Newswires
February 07, 2021 23:05 ET (04:05 GMT)
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