*NEWS*DUE TO CURRENCY EPSON SHARES FALL

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*NEWS*DUE TO CURRENCY EPSON SHARES FALL

 user 2008-03-27 at 4:00:39 pm Views: 40
  • #19417

    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.