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IBIDEN rises for third straight day as major domestic brokerage raises target price to 18,600 yen

Wed May 13, 2026 1:56 pm JST Catalyst

IBIDEN CO.,LTD. <4062> rose for the third consecutive day. The company's shares surged on the 12th after its earnings results announced after trading hours on the 11th were well received. Nomura Securities raised its target price for IBIDEN shares from 13,400 yen to 18,600 yen on the 12th. The brokerage maintained its "Buy" rating, the highest of its three-tier scale. The target price was increased following the earnings briefing. The revision reflects a reduction in the actual burden of capital investment due to customer advance payments, improved capital investment efficiency, and heightened medium-term growth prospects.

Source: MINKABU PRESS

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

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