UPDATE: Jefferies Downgrades Sharp Corporation on Reduced Forecasts
July 18, 2013 at 11:29 AM EDT
In a report published Thursday, Jefferies analyst Atul Goyal downgraded Sharp Corporation (OTC: SHCAY ) from Hold to Underperform, and lowered the price target from $4.40 to $3.52. In the report, Jefferies noted, “Given the unprecedented banks' exposure to Sharp's balance-sheet (debt of c. $12b vs. equity of c. $1b),
