DUE TO CURRENCY EPSON SHARES FALL

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DUE TO CURRENCY EPSON SHARES FALL

 user 2008-03-27 at 3:59:21 pm Views: 58
  • #19823

    Seiko Epson Shares Fall After JPMorgan Cuts Rating, Citing Yen
    March 08– Seiko Epson Corp., the world’s third-biggest maker of inkjet printers, fell the most in more than a week after JPMorgan Chase & Co. lowered its investment rating on the stock to “underweight,” citing the stronger yen.Seiko Epson fell 3 percent to 2,940 yen as of 9:25 a.m. on the Tokyo Stock Exchange, its biggest drop since March 17. The benchmark Nikkei 225 Stock Average declined 0.6 percent.JPMorgan lowered its rating on the company from “neutral,” Tokyo-based analyst Hisashi Moriyama said in a report yesterday.