Goldman Sachs Raises Topix Target on Improved Macro Outlook
Goldman Sachs Group Inc. strategists say Japan's Topix stock gauge will benefit from a more benign macro outlook and improved sentiment for risk-taking after a cooling in US-China tariff tensions.
Goldman raised the 12-month Topix target level to 2,900 from 2,775, and its assumption for full-year 2025 earnings per share growth to 2% from -1%. The strategists have also raised the electrical appliance and precision sector back to overweight from neutral.
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