$Daio Paper (3880.JP)$It has fallen significantly. Daiwa Securities has downgraded the investment rating from "2" to "3" and also lowered the target stock price from 1350 yen to 950 yen. Based on the content of the medium-term management plan, the current phase of the company is seen as a time for solidifying its base, and it is difficult to expect a valuation increase due to growth expectations for the H&P&C business at this point. In addition, there is a concern that the possibility of a decrease in the shareholding ratio of the company by Kitakanto will also be a burden.
大王紙---大幅反落、足元は足場固めの時期として国内証券が格下げ
Da Wang Paper—falling sharply, domestic securities downgraded it as a time to consolidate its foundation.
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