On 27 October, a major U.S. brokerage maintained its Buy rating on ADEKA and raised its price target to ¥5,700. The rating was raised relative to the consensus as of the previous day.
On 27 October, a major U.S. brokerage maintained its rating on ADEKA at Buy (1), while raising its price target from the ¥4,000 range to ¥5,700. As of the previous day, the rating consensus was 4.17 and the price target consensus was ¥4,736.
The increase is reportedly based on improved earnings prospects and a better business environment for ADEKA, although the article does not disclose specific supporting factors or figures. Related stocks cited include セントラル硝子, 保土谷化学工業, 三光合成 and 扶桑化学工業.