PILLAR extends winning streak to 8 sessions as domestic brokerage raises price target
PILLAR Corporation <6490> rose for an eighth straight session. SMBC Nikko Securities maintained its "1 (Outperform)" rating on Oct. 1 while raising its price target from 11,400 yen to 14,400 yen. The brokerage expects current demand to remain strong, projecting PILLAR's results will exceed its upwardly revised guidance. It also anticipates that a recovery from the memory cycle downturn and inventory adjustments will drive record-high earnings, providing a positive catalyst for the stock.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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