A major European securities firm reportedly maintained its Buy rating on 神戸製鋼所 while cutting its target price to ¥2,500.
A major European securities firm maintained its bullish Buy rating on 神戸製鋼所 as of 16 October. At the same time, it cut the target price from ¥2,530 to ¥2,500. The article also provides comparative information against the market consensus as of the previous day.
The firm may be maintaining its Buy rating because it evaluates the medium- to long-term growth potential of 神戸製鋼所 shares while taking the current earnings outlook and business risks into account. Meanwhile, the target price cut is explained as reflecting risk factors.
The article cites 日本製鉄, Maruichi Steel Tube Ltd., ＪＦＥＨ and 東京製鐵 as related stocks, indicating that market participants' interest is extending from 神戸製鋼所 to the sector as a whole. The performance of the stocks covered may vary depending on future earnings results and market conditions.
The information in the article was reported by Yahoo! Finance based on a report from IFIS Japan, and the wording may differ in nuance depending on the source.