RESEARCH ALERT-Citigroup ratings(Nov 12) - News

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RESEARCH ALERT-Citigroup ratings(Nov 12)

By: AFX | 12 Nov 2009 | 12:06 AM ET

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TOKYO, Nov 12 (Reuters) - The following is a list of ratings that have been assigned by Citigroup, Citigroup said on Thursday. -------------------------------------------------- Rated higher: Funai Electric Co Ltd -- "1H" from "1S" (target price 4800yen->5300yen) Fuji Film Holdings Corp -- "2M" from "3M" (target price 2600yen) -------------------------------------------------- Rating unchanged: Chiyoda Corp -- "1H" (target price 900yen) Shinsei Bank Ltd -- "1H" (target price 250yen) Daicel Chemical Industries Ltd -- "1M" (target price 710yen) Central Japan Railway Company -- "1M" (target price 740000yen->710000yen) West Japan Railway Co -- "1M" (target price 350000yen) East Japan Railway Co -- "1M" (target price 7850yen->7820yen) Asahi Kasei Corp -- "1M" (target price 570yen) Konica Minolta Holdings Inc -- "2H" (target price 1050yen->1000yen) Nitto Denko Corp -- "2H" (target price 3200yen) Nippon Zeon Co Ltd -- "2H" (target price 420yen) Asatsu-DK Inc -- "3L" (target price 1700yen) Takeda Pharmaceutical Co. Ltd. -- "3M" (target price 3300yen) Aiful Corp -- "3S" (target price 105yen) -------------------------------------------------- Citigroup assigns ratings as follows: "1L" or "Buy/Low Risk" - issues expected to outperform ETR by 10 percentage points. "1M" or "Buy/Medium Risk" - issues expected to outperform ETR by 15 percentage points. "1H" or "Buy/High Risk" - issues expected to outperform ETR by 20 percentage points. "1S" or "Buy/Speculative" - issues expected to outperform ETR by 35 percentage points. 538976288 "2L" or "Hold/Low Risk" - issues expected to outperform ETR greater than zero, but below 10 percentage points. "2M" or "Hold/Medium Risk" - issues expected to outperform ETR greater than zero, but below 15 percentage points. "2H" or "Hold/High Risk" - issues expected to outperform ETR greater than zero, but below 20 percentage points. "2S" or "Hold/Speculative" - issues expected to outperform ETR greater than zero, but below 35 percentage points. "3L" or "Sell/Low Risk" - issues expected to perform less than or equal to ETR. "3M" or "Sell/Medium Risk" - issues expected to perform less than or equal to ETR. "3H" or "Sell/High Risk" - issues expected to perform less than or equal to ETR. "3S" or "Sell/Speculative" - issues expected to perform less than or equal to ETR. Expected Total Return (ETR) - expectation of total return (projected share price appreciation plus forcast dividend yield) within 12 months. (Tokyo Equities Desk +81-3-3432-9404 tokyo.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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