IHI rebounds as major domestic brokerage upgrades investment rating to top tier
IHI Corporation <7013> rebounded after SMBC Nikko Securities upgraded its rating on the company to "1," the highest of three tiers, from "2," effective Aug. 31.
The brokerage cited resilient spare parts demand, which has stayed solid with limited impact from Middle East tensions, and lowered its discount rate to 10% from 20%. While maintaining a price-to-earnings ratio of 26x, SMBC Nikko raised its target price to 3,800 yen from 2,900 yen.
The brokerage also raised its operating profit forecast for IHI's fiscal year ending March 2028 to 232.8 billion yen from 199.6 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
Related Articles
-
Terra Drone reverses early losses to post sharp gains after announcing strategic partnership with Malaysian defense firm
Tue Sep 1, 2026 9:53 am JST Catalyst -
Ishii Food rebounds for first time in four sessions on baby food market entry plan
Tue Sep 1, 2026 9:46 am JST Catalyst -
KOSAIDO Holdings rebounds as treasury share cancellation expected to bring float ratio into compliance
Tue Sep 1, 2026 10:05 am JST Catalyst -
RACCOON HOLDINGS rises after reporting double-digit revenue and profit growth in May-July quarter
Tue Sep 1, 2026 9:49 am JST Catalyst -
TWINBIRD hits limit-down as it opposes Japanet's TOB offer
Tue Sep 1, 2026 10:02 am JST Catalyst -
SQUARE ENIX rises for third straight session on speculation fueled by monthly magazine report
Tue Sep 1, 2026 9:43 am JST Catalyst -
CORREC HOLDINGS extends gains as entry into grid-scale battery storage business sparks rebound
Tue Sep 1, 2026 9:38 am JST Catalyst -
KAWAKAMI PAINT MANUFACTURING surges to new year-to-date high on 3-for-1 stock split and shareholder benefit expansion
Tue Sep 1, 2026 9:41 am JST Catalyst -
GS Yuasa to open next-generation stationary energy storage system manufacturing plant in Ibaraki Prefecture
Tue Sep 1, 2026 9:36 am JST Catalyst -
Nulab surges to year-to-date high on launch of migration support from 'Jooto' to 'Backlog'
Tue Sep 1, 2026 9:26 am JST Catalyst