tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Makita downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst Tomohiko Sano downgraded Makita to Underweight from Neutral with a price target of 2,700 yen, down from 2,800 yen. The analyst cites lower U.S. and European demand forecasts due to the "increasingly uncertain" outlook for housing markets and consumer spending as global interest rates rise for the downgrade.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on MKTAY:

Disclaimer & DisclosureReport an Issue

1