UBS analyst Tsubasa Sasaki upgraded Makita (MKTAY) to Buy from Neutral with a price target of 5,900 yen, up from 4,800 yen. The company reported “strong” fiscal Q3 results as its profit improved substantially, the analyst tells investors in a research note. The firm believes Makita’s “solid” earnings will continue while the stock’s valuation looks “undemanding.”
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>>
Read More on MKTAY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue