OSG Corporation rebounds as major domestic securities firm upgrades investment rating to '2'
OSG Corporation <6136> rebounded. Daiwa Securities upgraded its investment rating on the company's stock from "3 (Neutral)," the third of five levels, to "2 (Outperform)," the second level, on the 22nd. The target price was revised from 2,200 yen to 3,600 yen. The firm noted progress in expanding sales in "non-automotive" sectors such as aviation energy and general components. In addition to solid demand, customer base expansion and price increases are expected to drive earnings. Daiwa Securities projects consolidated operating profit of 25 billion yen for the fiscal year ending November 2026 (versus the company's forecast of 22 billion yen) and 30 billion yen for the fiscal year ending November 2027.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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