J. Front Retailing upgraded to Outperform from Neutral at SMBC Nikko
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AvalonBay upgraded to Outperform from Neutral at SMBC Nikko
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Welltower upgraded to Outperform from Neutral at SMBC Nikko
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Ventas upgraded to Outperform from Neutral at SMBC Nikko
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Toshiba upgraded to Outperform from Neutral at SMBC Nikko
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Ibiden upgraded to Outperform from Neutral at SMBC Nikko
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Ebara upgraded to Outperform from Neutral at SMBC Nikko
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Fast Retailing downgraded to Neutral from Outperform at SMBC Nikko
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Inpex upgraded to Outperform from Neutral at SMBC Nikko
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Park24 upgraded to Outperform from Neutral at SMBC Nikko
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Hoya Corp. upgraded to Outperform from Neutral at SMBC Nikko
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Corporate Office Properties upgraded to Outperform from Neutral at SMBC Nikko
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SMC Corp. upgraded to Outperform from Neutral at SMBC Nikko
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Healthcare Trust downgraded to Neutral from Outperform at SMBC Nikko
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Daikin Industries downgraded to Neutral from Outperform at SMBC Nikko
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Kubota downgraded to Neutral from Outperform at SMBC Nikko
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Park24 downgraded to Neutral from Outperform at SMBC Nikko
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Suzuki Motor upgraded to Neutral from Underperform at SMBC Nikko
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Idemitsu Kosan downgraded to Neutral from Outperform at SMBC Nikko
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Tokyu Fudosan downgraded to Neutral from Outperform at SMBC Nikko
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Zozo upgraded to Neutral from Underperform at SMBC Nikko
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