A major US brokerage maintained its Equal-Weight rating on Nabtesco while lowering its price target to ¥4,300. The consensus rating as of the previous day was slightly bullish, and attention will focus on developments ahead.
A major US brokerage maintained its Equal-Weight rating on Nabtesco while lowering its price target from ¥4,800 to ¥4,300. The decision is said to reflect the current earnings outlook and market conditions.
As of the previous day, the rating consensus was 3.86 and the price target consensus was ¥5,624, both indicating a somewhat bullish stance. There were 7 analysts, reflecting a range of market views on the company’s outlook.
Related stocks include Yaskawa Electric, Kawasaki Heavy Industries, Kubota and Daikin Industries. This article focuses on the rating change for Nabtesco by a major brokerage.