A major US-affiliated securities firm maintained its Bearish rating on Alps Alpine and cut its target price to ¥2,100. The move, reportedly announced on 29 September, has again drawn attention as a factor in the stock's valuation.
On 29 September, a major US-affiliated securities firm maintained its rating on Alps Alpine at 3 (Underperform). At the same time, it cut its target price from the previous ¥2,200 to ¥2,100.
As of the previous day, 28 September, the rating consensus was 3, with 10 analysts giving a Neutral assessment, and the target-price consensus was reportedly ¥2,268.
Related stocks include Hirose Electric, Murata Manufacturing, Taiyo Yuden and Nidec. IFIS Japan reported the move.