Upgrade For Bridgestone

Goldman Sachs Japan has upgraded Bridgestone to Recommended List from Market Outperformer. This is in view of in view of the company’s success in expanding sales of the Bridgestone brand in North America, unexpectedly swift earnings recovery at its US subsidiary Bridgestone/Firestone Americaand prospects that stock-price valuations may revive as litigation risk wanes and North American earnings recover, and only modest exposure to other risks..