Square Enix Surges on Going-Private Report; Koei Tecmo and Tomy Also Rally on Upgrades

M&A · PartnershipAnalyst
โดย gamebiz·JP·Read original
Summary · why it matters

In the Tokyo stock market on September 1, game and entertainment-related stocks were mostly sold, but individual stocks with catalysts were active. Square Enix Holdings surged sharply on reports of a possible going-private deal, with speculation of a tender offer. Koei Tecmo Holdings rebounded after SBI Securities raised its rating from "Neutral" to "Buy" and lifted its target price from 1,600 yen to 2,000 yen. Tomy hit a year-to-date high after Iwai Cosmo Securities upgraded its investment rating from "B+" to "A" and raised its target price from 3,000 yen to 4,300 yen. The Nikkei average continued to fall, closing the morning session at 66,215.34 yen, down 96.59 yen from the previous day.

Impact on stocks 3

Spatial Computing / AR/VR · 1 stocks
Consumer Discretionary · 1 stocks
Tomy Company, Ltd.
7867
▲ PositiveCapitalrelevance

Iwai Cosmo Securities upgraded Tomy to A and raised its target price from 3,000 to 4,300 yen.

Communication Services · 1 stocks