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Fanuc Corporation (6954) Receives a Buy from Bernstein

Tipranks - Tipranks - Fri Jan 23, 1:36PM CST

Bernstein analyst Jay Huang maintained a Buy rating on Fanuc Corporation today and set a price target of Yen7,000.00.

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Huang covers the Technology sector, focusing on stocks such as Cognex, IPG Photonics, and Keyence. According to TipRanks, Huang has an average return of 11.0% and a 59.02% success rate on recommended stocks.

In addition to Bernstein, Fanuc Corporation also received a Buy from Citi’s Graeme McDonald in a report issued on January 20. However, on January 15, Goldman Sachs maintained a Sell rating on Fanuc Corporation (TSE/TYO: 6954).

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Based on Fanuc Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of Yen196.36 billion and a net profit of Yen37.84 billion. In comparison, last year the company earned a revenue of Yen195.1 billion and had a net profit of Yen28.8 billion

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