Daiwa Remains a Buy on Fanuc Corporation (6954)
Daiwa analyst maintained a Buy rating on Fanuc Corporation today and set a price target of Yen7,000.00.
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In addition to Daiwa, Fanuc Corporation also received a Buy from Morgan Stanley’s Lisa Jiang in a report issued on January 26. 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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