UBS has maintained a Neutral rating on Sumitomo Corp., raising the price target from JPY3,490 to JPY3,530, reflecting a slight adjustment in the company's price-to-book ratio. The firm highlights potential ROE growth from Sumitomo's core sectors, including infrastructure and energy transformation, but warns that stalled earnings from problematic projects and policy uncertainties may hinder stock valuation improvements. Investors are advised to closely monitor the company's strategic initiatives and their effects on financial performance.