tiprankstipranks

Fanuc downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs analyst Yuichiro Isayama downgraded Fanuc to Neutral from Buy with a price target of 5,200 yen, down from 6,000 yen. The analyst is factoring in a further delay in near-term bottoming out in mainland China and sees longer-term margin risk in Fanuc’s FA business.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on FANUY:

Disclaimer & DisclosureReport an Issue