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Osaka Organic Chemical rallies for third day as research firm lifts price target to 5,490 yen
Osaka Organic Chemical Industry <4187> rallied for a third straight session. Tokai Tokyo Intelligence Laboratory hiked its price target for Osaka Organic Chemical to 5,490 yen from 4,950 yen on April 13, maintaining its "Outperform" rating. The research firm expects semiconductor materials to recover starting in the second half of the fiscal year ending November 2025, with demand for advanced semiconductor resists seen growing the following year. Tokai Tokyo also raised its operating profit forecast for Osaka Organic Chemical for the fiscal year ending November 2027 to 8.254 billion yen from 8.095 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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