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Pigeon shares extend gains as domestic brokerage initiates coverage with buy rating on US growth hopes

Mon Apr 20, 2026 2:29 pm JST Catalyst

PIGEON CORPORATION <7956> continued to rise. Okasan Securities initiated coverage on the company on 17th with a "bullish" rating, the highest in its three-tier system, setting a target price of 1,970 yen. Pigeon holds the top global market share in baby bottles and nipples through proprietary technology. Stable expansion is expected in Japan and China via high-value-added products. Looking ahead, the brokerage anticipates growth driven by increased sales in the US. Starting this fiscal year, Pigeon will implement full-scale marketing investments for its core products in the US, with its growth potential expected to be re-evaluated through American market expansion.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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