Jefferies downgraded Daikin Industries to Hold from Buy with a price target of 25,300 yen, down from 35,500 yen. The firm sees pressure on the share price performance given “increasingly strong headwinds” to air-conditioner demand in the U.S. and policy-related pressure on heat-pump heater demand in Europe, the analyst tells investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>