SMBC Nikko downgrades Fanuc Corporation (6954) to a Hold
Fanuc Corporation (6954 – Research Report) received a Hold rating and price target from SMBC Nikko analyst today. The company’s shares closed today at Yen3,948.00.
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Currently, the analyst consensus on Fanuc Corporation is a Strong Buy with an average price target of Yen4,655.00.
Based on Fanuc Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of Yen197.05 billion and a net profit of Yen32.86 billion. In comparison, last year the company earned a revenue of Yen197.83 billion and had a net profit of Yen34.4 billion
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