$Nitto Denko (6988.JP)$has continued to increase drastically. Daiwa Securities has raised investment decisions from “3” to “2,” and the target stock price has also been raised from 9800 yen to 14200 yen. Although stock prices have been on a downward trend since the announcement of financial results, where consensus on both results and guidance declined, it seems that Daiwa Securities has raised earnings forecasts in consideration of transient factors, market recovery, and exchange rate levels for the previous fourth quarter. Operating profit for the fiscal year ending 25/3 is expected to be 170 billion yen compared to the company plan of 140 billion yen. Positive changes in attitudes towards shareholder returns were also evaluated.
日東電---大幅続伸、決算後の株価調整で割安感として国内証券が格上げ
Nitto Denko - significant continued growth due to the undervalued stock feeling after stock price adjustment following the earnings report, domestic securities upgraded.
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