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Sumitomo Electric, Meidensha downgraded at Goldman Sachs (OTCMKTS:SMTOF)

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Sumitomo Electric Industries (OTCPK:SMTOF) (OTCPK:SMTOY) and Meidensha both were downgraded by analysts at Goldman Sachs on Friday.

The lowered the rating for Sumitomo Electric (OTCPK:SMTOF) (OTCPK:SMTOY) to Neutral from a previous investment rating of Buy.

“We expect Sumitomo Electric’s return

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