Horiba, Inc. <6856> has rebounded significantly. Jefferies Securities has upgraded its investment rating from "Hold" to "Buy", and also raised its target stock price from 15,000 yen to 16,000 yen. After announcing its medium- to long-term business plan in February, it underwent adjustments due to a sense of exhaustion, but it is evaluated that the stock is undervalued once again due to a decrease in the P/E ratio level. It is said that the recovery of the semiconductor market and the revision of exchange rate assumptions have raised the operating profit estimate for the December 2024 fiscal year to 52.5 billion yen, up 11.0% from the previous year's figure, surpassing the previous estimate of 50.8 billion yen.
堀場製---大幅反発、割安感再度強まったとして米系証券が格上げ
Hori Manufacturing saw a significant rebound and was upgraded by US securities due to renewed sense of undervaluation.
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