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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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: