Morgan Stanley downgraded Open House Group (OPPPF) to Underweight from Equal Weight with a price target of 5,450 yen, down from 5,750 yen. The firm believes for-sale housing inventory adjustment is complete, but Open House Group has to acquire aggressively in order to generate profit growth going forward, the analyst tells investors. Whether the company can balance quantity and quality “remains opaque,” the analyst added.
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Read More on OPPPF:
- Open House Co. Announces Share Buyback Plans
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- Open House Group Proposes Director Elections
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- Open House Group Secures ESG-focused Loan
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
