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An update from Daikin ( (JP:6367) ) is now available.
Daikin Industries said it and several U.S. subsidiaries have been named as defendants, alongside many other companies, in four provisional class action lawsuits filed in the U.S. District Court for the Eastern District of Michigan. The suits, brought on behalf of purchasers of HVAC equipment in the U.S. since January 2020, allege that defendants conspired to artificially increase prices and seek damages and other relief, though no monetary amounts have been disclosed.
The company has not yet been formally served with the complaints and says it will determine its response after analyzing the plaintiffs’ claims. Daikin added that similar litigation could be brought in the future and that it is currently unable to reasonably estimate any impact on its financial results, but pledged to disclose further information if material developments occur.
The most recent analyst rating on (JP:6367) stock is a Buy with a Yen27700.00 price target. To see the full list of analyst forecasts on Daikin stock, see the JP:6367 Stock Forecast page.
More about Daikin
Daikin Industries is a global manufacturer in the heating, ventilation, and air conditioning sector, with a strong presence in the U.S. market through subsidiaries such as Daikin Comfort Technologies North America and Daikin Applied Americas. These units focus on manufacturing, selling, and distributing HVAC equipment across North America, underscoring Daikin’s role as a key supplier to both residential and commercial customers.
Average Trading Volume: 1,326,677
Technical Sentiment Signal: Buy
Current Market Cap: Yen7056.3B
Find detailed analytics on 6367 stock on TipRanks’ Stock Analysis page.