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The latest announcement is out from Daikin ( (JP:6367) ).
Daikin Industries and three U.S. subsidiaries have been named as defendants, alongside numerous other companies, in a provisional class-action lawsuit filed in the U.S. District Court for the Eastern District of Michigan. The case, brought on behalf of purchasers of HVAC equipment in the United States since January 1, 2020, alleges a conspiracy to artificially increase prices for HVAC products.
The plaintiff seeks damages and other relief, though no specific claim amount has been disclosed, leaving the potential financial exposure unclear. Daikin said it will respond appropriately if formally served, and noted that it is currently unable to reasonably estimate any impact on its business results, signaling uncertainty for investors and other stakeholders until the litigation progresses.
The most recent analyst rating on (JP:6367) stock is a Buy with a Yen23700.00 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 Japan-based manufacturer specializing in heating, ventilation and air-conditioning (HVAC) equipment, serving residential, commercial and industrial markets worldwide. Through U.S. subsidiaries Daikin Comfort Technologies North America, Daikin Applied Americas and Thermal-Netics, the group manufactures, sells, procures and distributes HVAC systems across the United States.
Average Trading Volume: 1,300,725
Technical Sentiment Signal: Buy
Current Market Cap: Yen5935.4B
For an in-depth examination of 6367 stock, go to TipRanks’ Overview page.