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.
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Published first on TheFly