Yaskawa Electric upgraded to Hold from Underperform at Jefferies

Jefferies analyst Sho Fukuhara upgraded Yaskawa Electric (YASKY) to Hold from Underperform with a 5,300 yen price target Q4 orders beat the firm’s estimate and management comment on a solid start of orders for FY2/27 “left us with few reasons to keep our previous bearish stance,” the analyst tells investors.