Nomura Retains Buy on Lupin Ahead of Q2 Results
Nomura expects September-quarter pressure on Lupin’s US business and operating margins, but says those concerns may already be reflected in the shares. It does not expect a material negative stock reaction to its estimate of a 630-basis-point year-on-year …
Nomura expects Lupin's September quarter performance to reflect pressure on its US business and operating margins, but believes these concerns are already factored into the stock price. The brokerage does not expect a material negative stock reaction to its estimate of a 630-basis-point year-on-yea…