Goldman Says Pacific Metals, Bridgestone May Have Best Returns This Year
Goldman Sachs Group Inc. said Pacific Metals Co. and Bridgestone Corp. (5108) are among Japanese stocks that will rise the most this year as the market recovers from its worst slide since 2008.
Pacific Metals may gain as much as 60 percent, while Bridgestone may climb 55 percent, the investment bank said in a note to clients yesterday, citing the spread between current and target prices. SKY Perfect JSAT Holdings Inc. (9412) and Sumitomo Rubber Industries Ltd. (5110) are among equities that will advance the most in the long-term, according to the report.
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