Goldman Sachs analyst Atsushi Ikeda upgraded Daicel to Buy from Neutral with a price target of 1,240 yen, up from 1,020 yen. Greater demand for iQOS and other heated tobacco products translates into the use of more filters, said the firm, which expects Daicel’s acetate tow business to make "a substantial earnings contribution" in the near-term.
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Published first on TheFly