Nippon Paint Holdings Co (NPCPF – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst Atsushi Ikeda from Goldman Sachs upgraded the rating on the stock to a Buy and gave it a Yen1,470.00 price target.
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Atsushi Ikeda has given his Buy rating due to a combination of factors that highlight Nippon Paint Holdings Co’s potential for growth. The company is undergoing a transformation under its ‘asset assembler’ model, which positions it well for high growth. This business model is seen as a significant competitive advantage, allowing the company to efficiently manage and integrate assets.
Additionally, Nippon Paint’s core decorative paints business remains largely unaffected by reciprocal tariffs, which is a positive factor in the current economic climate. The stabilization of petrochemical raw material prices further supports the company’s profitability. These elements combined suggest a promising outlook for Nippon Paint, justifying the Buy rating.
Ikeda covers the Basic Materials sector, focusing on stocks such as Kansai Paint Co, Nippon Paint Holdings Co, and Mitsui Chemicals. According to TipRanks, Ikeda has an average return of -10.0% and a 44.44% success rate on recommended stocks.