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FANUC CORPORATION rises for third consecutive day as major domestic brokerage raises target price to 8,500 yen
FANUC CORPORATION <6954> rose for the third consecutive day. On the 8th, SBI Securities maintained its "buy" rating on the company's stock while raising its target price from 8,000 yen to 8,500 yen. The securities firm evaluates that FANUC is in a phase of evolution from a "factory automation and robotics manufacturer with high market share" to an "automated platform integrating AI and robotics." The firm expects consolidated operating profit for the fiscal year ending March 2027 to reach 220 billion yen, exceeding the company's guidance of 212.2 billion yen, and forecasts operating profit of 245 billion yen for the fiscal year ending March 2028, projecting consecutive profit growth.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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