VALQUA rises for third straight session on domestic brokerage's target price hike
VALQUA, LTD. <7995> extended its winning streak to three sessions. SMBC Nikko Securities maintained its "1 (Outperform)" rating on Oct. 1 while raising its price target from 9,000 yen to 9,500 yen. The brokerage noted that VALQUA's guidance has room for upside and that a dividend hike is also anticipated. It added that fluororesin demand is expected to recover amid an inventory cycle, highlighting potential for renewed growth and providing a positive catalyst for the stock.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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