Citi upgraded Daifuku to Buy from Sell with a price target of 3,500 yen, up from 2,600 yen. The analyst cites an improving outlook for semiconductor capex in 2024 and 2025 and the upcoming announcement of a new medium-term plan in May for the upgrade.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>