Ferrotec extends winning streak to four sessions on domestic broker's target price hike
Ferrotec Corporation <6890> rose for a fourth straight session after SMBC Nikko Securities maintained its "1 (Outperform)" rating on Oct. 1 while raising its price target to 14,200 yen from 13,500 yen. The brokerage said it raised its earnings forecast to reflect the company's first-quarter results, subsequent interviews, and supply chain checks. SMBC Nikko noted significant upside potential in earnings from thermomodules for telecom equipment, primarily optical transceivers, fueling buying interest in the stock.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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