UPDATE: Jefferies Upgrades Canon to Buy on Deep Value and Cash Flow
January 07, 2013 at 06:46 AM EST
Jefferies raised its rating on Canon (NYSE: CAJ ) from Hold to Buy. Jefferies commented, "We believe sluggish sales of single-lens reflex cameras (SLRs) are already priced in on the share price underperformance over the past year (compared with its peers). Sales of SLRs have been becoming weaker recently,