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MTG continues sharp gains as major domestic brokerage raises target price to 8,200 yen
MTG Co.,Ltd. <7806> extended its sharp gains. SMBC Nikko Securities raised its target price on the stock to 8,200 yen from 7,100 yen on May 25, maintaining its top rating of "1." The brokerage noted that the flagship brand "ReFa" has an attractive new product pipeline mapped out for several years ahead, projecting continued high growth while enhancing brand value through meticulous sales planning. SMBC Nikko also revised upward its operating profit forecast for the fiscal year ending September 2027 to 19.0 billion yen from 18.8 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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