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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.

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