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M3 rises for third consecutive day on domestic brokerage upgrade
Shares of M3, Inc. <2413> extended gains for a third straight session on Tuesday. The rally was fueled by SMBC Nikko Securities upgrading its investment rating on the medical portal operator to "1 (Outperform)" from "2 (Neutral)" on Monday, June 1, a move welcomed by the market as a strong positive catalyst.
The brokerage notes that the stock is poised for a valuation rebound, driven by emerging growth drivers such as AI-powered clinical support services and physician behavior-modification tools integrated into electronic medical records. While SMBC Nikko lowered its target price to 2,000 yen from 2,700 yen to account for current equity levels and interest rate trends, it raised its investment rating by one notch to its highest tier, signaling strong fundamental conviction.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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