Fanuc Corporation (6954) Gets a Buy from Nomura
In a report released today, from Nomura maintained a Buy rating on Fanuc Corporation, with a price target of Yen7,050.00.
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In addition to Nomura, Fanuc Corporation also received a Buy from Morgan Stanley’s Lisa Jiang in a report issued yesterday. However, on January 23, Jefferies maintained a Hold rating on Fanuc Corporation (TSE/TYO: 6954).
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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