Still, "we believe a large portion of the potential capital raising has already been priced in," they said. "Even factoring in 10% to 20% [equity] dilution, we see potential 58% upside to our revised target price for [Mitsubishi UFJ] and 44% for [Sumitomo Mitsui]" Goldman Sachs said. It added, however, that the "capital-raising shoe needs to drop."
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