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New Buy Rating for NIPPON STEEL (NISTF), the Basic Materials Giant
In a report released today, Yuji Matsumoto from Nomura maintained a Buy rating on NIPPON STEEL, with a price target of Yen3,850.00. The company’s shares closed last Friday at $21.50.
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Matsumoto covers the Basic Materials sector, focusing on stocks such as NIPPON STEEL, Daido Steel Co, and JFE Holdings. According to TipRanks, Matsumoto has an average return of 26.2% and a 68.00% success rate on recommended stocks.
Currently, the analyst consensus on NIPPON STEEL is a Hold with an average price target of $20.80.
NISTF market cap is currently $22.06B and has a P/E ratio of -374.56.
Read More on NISTF:
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