Bernstein Downgrades Sony, Citing Escalating Memory Costs That Could Pinch Profits
Sony Corp's shares fell after Bernstein lowered its rating to market-perform and trimmed its price target, citing sharply higher memory costs driven by strong AI-related demand and tight supply that could pressure PlayStation margins and weigh on the company's semiconductor growth outlook. The broker also reduced fiscal 2027 and 2028 EPS estimates.