Nomura Holdings Inc
8604: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥386.37 | Rrcc | Cwbpxcp |
Nomura's Strong Year Ends Up Lackluster After Archegos Losses; Near-Term Environment Remains Good
We raise our fair value estimate for Nomura from JPY 570 per share to JPY 585 as we roll forward our model by a year. Given current exchange rates, our fair value for Nomura's ADRs remains $5.45.