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Nabtesco Corporation surges as domestic research firm raises target price to 6,150 yen
Nabtesco <6268> shares extended their sharp rally on Friday after Tokai Tokyo Intelligence Laboratory hiked its price target for the industrial machinery maker, citing strong demand in its robotics and accessibility segments.
The research firm raised its target to 6,150 yen from 5,660 yen on Thursday, maintaining its top-tier "Outperform" rating. The upgrade is underpinned by three key factors: robust sales of precision reduction gears for industrial robots, unexpected resilience in overseas automatic door markets, and growing anticipation for an upward revision to full-year results for the fiscal year ending December 2026. Tokai Tokyo now forecasts a consolidated operating profit of 31.5 billion yen for the current year, significantly outpacing the company's own guidance of 27.7 billion yen. The gap suggests analysts are increasingly confident that the recovery in automation and infrastructure demand will outrun management’s conservative outlook.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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