Sony’s Biggest Bull Emerges as Wolfe’s Tariff Worries Ease (2)

Wolfe Research’s Peter Supino has emerged as the biggest bull on Sony Group Corp., seven months after President Donald Trump’s rollout of sweeping tariffs caused the analyst to downgrade the Japanese entertainment and electronics company.

Supino raised his assessment of the firm to outperform from peer perform, and assigned a Street-high target of ¥5,300 to its stock, he said in a note published Wednesday. The 12-month target implies an upside of roughly 25% from Wednesday’s Japan close. Sony shares gained 2.5% in Tokyo on Thursday, outpacing the Topix Index.

The analyst said that his earlier concerns around the ...