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SoftBank Group downgraded to Underperform from Hold at Jefferies
Jefferies downgraded SoftBank Group (SFTBY) to Underperform from Hold with a price target of 3,140 yen, down from 5,118 yen. Risks for investors are rising with SoftBank Group’s concentrated exposure and accelerated OpenAI investment given the “structural integrity of valuation metrics,” intensifying competitive landscape for OpenAI, and rising leverage needed to fulfill SoftBank’s commitment, the analyst tells investors.
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