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New Sell Rating for NIPPON STEEL (NISTF), the Basic Materials Giant
In a report released today, Thanh Ha Pham from Jefferies downgraded NIPPON STEEL (NISTF – Research Report) to a Sell, with a price target of Yen2,400.00. The company’s shares closed yesterday at $20.26.
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Ha Pham covers the Basic Materials sector, focusing on stocks such as Daido Steel Co, NIPPON STEEL, and Tokai Carbon Co. According to TipRanks, Ha Pham has an average return of 4.7% and a 50.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NIPPON STEEL with a $27.92 average price target.
NISTF market cap is currently $20.72B and has a P/E ratio of 8.80.
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