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Daiseki continues to rise as major domestic securities firm raises target price to 5,900 yen
Daiseki Co.,Ltd. <9793> extended gains. SBI Securities on April 27 maintained its "buy" rating while raising its price target to 5,900 yen from 5,500 yen. As crude oil prices climb amid tensions in Iran, the brokerage expects demand for Daiseki’s recycled fuel to expand into new customer segments. The firm views the current environment as favorable for client acquisition. SBI Securities forecasts consolidated operating profit for FY02/27 at 17.48 billion yen, beating company guidance of 16.8 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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