Sony shares rebound
Sony executives had a reason to smile today. The company’s stock rose 3.7 percent today on the Tokyo Stock Exchange, closing at 4,760 yen (around $39.79). The sturdy rebound came after a bullish note to investors from Morgan Stanley analyst Masahiro Ono, who raised Sony’s rating from "equal-weight" to "overweight" and increased its 12-month price target 300 yen to 5,900 yen (around $49).
