UPDATE: Goldman Sachs Raises PT on Softbank on Alibaba Value Estimate Hike
December 26, 2013 at 10:49 AM EST
In a report published Thursday, Goldman Sachs analyst Ikuo Matsuhashi maintained a Neutral rating on Softbank Corp (OTC: SFTBF ), raising its price target to ¥9,700 from ¥8,900, in light of Alibaba’s value estimate hike. According to the report, “Based on our SOTP model, a ¥1 tn change to the
