Goldman Sachs analyst Shuhei Nakamura added Hoya Corp. to the firm’s Conviction List and keeps a Buy rating on the shares with a price target of 16,700 yen, up from 15,000 yen. The analyst expects Hoya’s two main income sources, the EUV blank and hard disk drive glass substrate businesses, to drive profit growth in fiscal 2023 and 2024.
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