Goldman Sachs analyst Yuichiro Isayama upgraded Makita to Buy from Neutral with a price target of 5,300 yen, up from 4,800 yen. The company’s production adjustments “are finally coming to an end,” and production trends are returning to normal mainly in the European market, the analyst tells investors in a research note. The firm says a return to normal profit levels could drive a re-rating of the shares.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue