Morgan Stanley MUFG Securities Co., Ltd.+ | Jaeheon Lee | | | --- | --- | | Equity Analyst | | | Jaeheon.Lee@morganstanleymufg.com | +81 3 6836-8443 | | Shinichiro Muraoka | | | Equity Analyst | | | Shinichiro.Muraoka@morganstanleymufg.com | +81 3 6836-5424 | June 16, 2026 06:30 AM GMT Kaken Pharmaceutical (4521) | Japan M Idea Remain OW: Sell-off Provides Good Entry Point | What's Changed | | | | --- | --- | --- | | Kaken Pharmaceutical (4521.T) | From | To | | Price Target | ¥5,200 | ¥5,300 | We revise fo ...