Goldman Sachs downgraded Daikin Industries to Neutral from Buy with a price target of 22,000 yen, down from 33,000 yen. The company’s significant sales underperformance in the Americas business, where it is focusing resources, is a cause for concern in terms of future growth prospects, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.