Goldman Sachs downgraded Makita (MKTAY) to Neutral from Buy with a price target of 5,600 yen, down from 6,000 yen. The firm thinks upside in fundamentals is already priced in and the only other potential catalyst is an update to its plans for shareholder returns.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential