Milbon rises after domestic brokerage upgrades investment rating
Milbon Co., Ltd. <4919> shares rose today after SMBC Nikko Securities upgraded its investment rating on the stock to "1 (Outperform)" from "2 (Neutral)" and hiked its target price to 3,800 yen from 3,000 yen on June 11. The brokerage noted that growth acceleration and marginal profit improvements are progressing both in Japan and overseas, with the contribution of international earnings expected to expand. SMBC Nikko also expressed optimism regarding Milbon's new medium-term management plan, citing its domestic and global growth strategies, cost-structure reforms and initiatives to boost capital efficiency.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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