CS Raises Rating on Nisshin Kogyo
On June 5, Credit Suisse raised its rating on Nisshin Kogyo (7230), a brake components manufacturer, from neutral to outperform and set a target price for the shares of Y2,450. In its report, CS said that the company's Indonesia business was firming, and the risk of a big loss was declining. So while it lowered its operating profit estimate, it raised its expectations for the company. (Toyo Keizai, subscription only)
On June 5, Credit Suisse raised its rating on Nisshin Kogyo (7230), a brake components manufacturer, from neutral to outperform and set a target price for the shares of Y2,450. In its report, CS said that the company's Indonesia business was firming, and the risk of a big loss was declining. So while it lowered its operating profit estimate, it raised its expectations for the company. (Toyo Keizai, subscription only)
posted by Bob at 1:48 PM
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