23 September, 2005

Japan: Nikko Citigroup raised its rating for Kirin Brewery

Kirin Brewery’s stock went up after Nikko Citigroup on Friday raised its rating for beer maker to highest "Buy" from lowest "Sell" and pushed up target price to Y1,480 from Y940, according to the Dow Jones newswire of September 20.

Nikko Citigroup report cites company's hit beer product and pharmaceutical unit developing promising drug. Shares up 11% at Y1,246 .

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