A major Japanese brokerage maintained its Neutral rating on Kobe Steel while raising its price target to ¥2,260. The market reaction was indicated to be driven by comparisons with the previous day's consensus.
On September 25, a major Japanese brokerage kept Kobe Steel's rating at Neutral while raising its price target from ¥1,920 to ¥2,260.
The company reported that, as of September 24, the previous day, the rating consensus was Neutral at 2.87, based on 8 analysts, and the target price consensus was ¥2,058.
The market page showed Kobe Steel's current price at ¥2,013.5, up ¥26.5 from the previous day, and also listed price movements for other stocks including Nippon Steel, Maruichi Steel Tube and JFEHD.