Goldman Sachs analyst Yuichiro Isayama downgraded Makita to Neutral from Buy with a price target of 3,400 yen, down from 3,800 yen, after factoring Q3 operating profits and revised guidance into the firm’s earnings estimates. Makita cut FY3/23 operating profit guidance and it said it expects to post operating losses in Q4, the firm noted.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly