HALISTER1: Mitsubishi Chemical Climbs as JPMorgan Gives Top Recommendation

Mitsubishi Chemical Climbs as JPMorgan Gives Top Recommendation

(Bloomberg) -- Mitsubishi Chemical’s products with additional functions will be a driver for growth, while co.’s cheap valuation is becoming excessively apparent, writes analyst Shogo Umeda in report Friday.
  • Makes Mitsubishi Chemical top recommended stock within the general chemical sector
  • Raises rating to overweight from neutral, PT to 1,100 yen from 970 yen
  • Mitsubishi Chemical climbs as much as 3.3%, most since June 28; trading volume ~30% of 3- month full-day avg
  • 8 buys, 5 holds, 1 sell; avg PT 1,059 yen: Bloomberg data
  • Shares +28% YTD vs +16% for Topix Chemicals Index
To contact the reporter on this story: Yuko Takeo in Tokyo at ytakeo2@bloomberg.net To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net Naoto Hosoda

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
4188 JP (Mitsubishi Chemical Holdings Corp)

People
Shogo Umeda (JPMorgan Securities Japan Co Ltd)

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UUID: 7947283

HALISTER: Sempra Is Said to Be Near Agreement to Acquire Oncor Electric

Sempra Is Said to Be Near Agreement to Acquire Oncor Electric

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
SRE US (Sempra Energy)
978333Z LN (Elliott Advisors UK Ltd)
978325Z US (Elliott Management Corp)

People
Paul Elliott Singer (Elliott Management Corp)
Warren E Buffett (Berkshire Hathaway Inc)

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UUID: 7947283

HALISTER: Sempra Energy Said to Be Mystery Third Bidder For Oncor Electric

Sempra Energy Said to Be Mystery Third Bidder For Oncor Electric

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
SRE US (Sempra Energy)
978333Z LN (Elliott Advisors UK Ltd)
978325Z US (Elliott Management Corp)
0771742D US (Texas Energy Future Capital Holdings LLC)
TXU US (Energy Future Holdings Corp/Old)

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UUID: 7947283