Daikin Industries upgraded to Conviction Buy from Buy at Goldman Sachs

Goldman Sachs analyst Yuichiro Isayama maintains a Buy rating on Daikin Industries with a price target of 36,000 yen, up from 32,000 yen, and added the stock to the firm’s Conviction List as the firm is forecasting strong performance in the U.S. and in China. The firm’s new target implies 22% upside, which is now the highest within its Japan machinery sector coverage, the analyst noted.