Denso downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs downgraded Denso (DNZOY) to Neutral from Buy with a price target of 2,200 yen, down from 2,250 yen. 2026 will be a year in which adaptability to battery electric vehicles and navigation on autopilot twill be teste, but it is likely that separate standards will become establish for both, the analyst tells investors in a research note. Considering a slowdown in the growth of Denso’s BEV inverter business and changes to the firm’s advanced driver-assistance systems sales outlook, the firm revised down its operating profit forecasts for the company.