LG Display Begins Mass Production of 40-Inch P2P Auto Display

Investing.com-- Bernstein hiked its target price on Sony Corp (NYSE:SONY) on Monday, citing potential in the Japanese conglomerates’ gaming, music and entertainment, and chipmaking businesses.

Bernstein hiked Sony Corp's (TYO:6758) price target to 4,600 yen from 3,900 yen and maintained the stock at Outperform.

The brokerage said Sony’s Playstation unit handily beat earnings expectations in the third quarter, reinforcing a view that market consensus on the unit’s prospects were “too low.”

Bernstein said upcoming first-party releases from Sony, coupled with a likely sales boost from TakeTwo’s GTA VI presented a positive outlook for Playstation, and that a path to operating profit of over 500 billion yen was in sight.

Apart from gaming, Bernstein forecast consistent growth in Sony’s image sensor revenue and profit, citing persisten upgrades in the global smartphone market, especially in Apple (NASDAQ:AAPL) Inc’s iPhones.

On the media front, Bernstein said a reaccelleration in Sony’s music streaming growth- amid increased prices and better monetization- pointed to strong trends for Sony Music, which outperformed its peers in 2024.

For Sony Pictures, Bernstein said the segment was the weakest of Sony’s units in the December quarter. But this also marked the bottom for the unit, which is expected to pick up in 2025.

Anime streaming site Crunchyroll- which Sony acquired in 2021- remained an outperformer in the sector, with Bernstein calling the unit a “hidden gem.” Crunchyroll is also expected to continue driving profit growth for the segment.

Overall, Bernstein expects Sony’s operating income to grow 17% in fiscal 2025, amid strong margins and tailwinds for most of the conglomerate’s units.

Investing.com -- Foxconn (SS:601138), the world's largest contract electronics manufacturer based in Taiwan, is reportedly planning a partnership with Japan's Honda (NYSE:HMC) Motor.

The proposed collaboration framework also includes Nissan (OTC:NSANY) Motor and Mitsubishi Motors (OTC:MMTOF), according to a Nikkei.

Earlier this month, Foxconn's chairman expressed the company's interest in acquiring a stake in Nissan. This announcement came after the merger discussions between Nissan and Honda fell through.

The aim is to foster cooperation among the car manufacturers.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Foxconn (SS:601138), the world's leading contract electronics manufacturer based in Taiwan, has reportedly proposed a partnership with Japan's Honda (NYSE:HMC) Motor.

The proposal also includes a plan to bring rival automakers Nissan (OTC:NSANY) Motor and Mitsubishi Motors (OTC:MMTOF) into the framework, according to a report from the Nikkei newspaper on Friday.

Earlier this month, Foxconn's chairman had indicated the company's interest in acquiring a stake in Nissan.

This came in the wake of the unsuccessful merger discussions between Nissan and Honda.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Nissan (OTC:NSANY) Motor's debt rating has been lowered to junk status by Moody's (NYSE:MCO) Ratings. This comes days after Nissan and Honda (NYSE:HMC) Motor called off their proposed merger.

Moody's downgraded Nissan's senior unsecured rating from Baa3, the lowest investment grade, to Ba1. The ratings agency has maintained its negative outlook on Nissan.

The downgrade is a reflection of Nissan's weak profitability, which is being impacted by a decrease in demand for its older model lineup.

The company has been experiencing a slowdown in China, and now, according to Moody's, it is facing challenges in the U.S. market as well.

The negative outlook from Moody's takes into account the risks associated with the implementation of Nissan's new restructuring plan. This plan, which was unveiled in November, includes a reduction of 9,000 jobs and a 20% cut in global production capacity.

Last week, Nissan projected a net loss for the fiscal year ending March. This projection comes as the company is taking restructuring measures to address weak sales.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.