Goldman Sachs analyst Yuichiro Isayama maintains a Buy rating on Fanuc with an unchanged price target of 6,000 yen, but removed the stock from the firm’s Japan Conviction List as potential upside has declined relative to the rest of the analyst’s coverage. However, the firm continues to see an opportunity for Fanuc from the cyclical recovery.
Don’t Miss TipRanks’ Half-Year Sale
- 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.
Published first on TheFly