A major Japanese brokerage lowered its rating on TOKYO KEIKI INC. from Bullish to Neutral and revised its target price from ¥8,000 to ¥6,000. The information was distributed on 26 October, with attention also focused on trends among related stocks.
A major Japanese brokerage lowered its rating on TOKYO KEIKI INC. from Bullish (1) to Neutral (2) and, at the same time, revised its target price to ¥6,000. The article was distributed on 26 October.\n\nThe new target price was significantly revised downward from the previous ¥8,000, and is expected to affect the market's valuation of the company. The previous rating was at the Bullish level.\n\nAs of the previous day, 23 October, the rating consensus was reported at 4.75, based on 4 analysts, while the target price consensus was ¥8,800, based on 3 analysts. TOKYO KEIKI INC.'s share price was trading at ¥5,610, down ¥20 from the previous day.