Deutsche Bank attended an investor briefing in Tokyo. The main development was changes in menu, moving towards a similar ‘high volume mentality’ that has worked for the company in other territories.
The broker points out that Japan remains a tough market and there is some risk of cannibalisation of existing sales with the company’s strategy. Sell rating and $35 target maintained.
Sector: Consumer Services.
Target price is $35.00.Current Price is $44.46. Difference: ($9.46) – (brackets indicate current price is over target). If DMP meets the Deutsche Bank target it will return approximately -27% (excluding dividends, fees and charges – negative figures indicate an expected loss).
