Nitto Boseki (3110.JP) rose 13.7% for the day as brokers raised their target price
Nitto Boseki (3110.JP) closed at 7,300 yen today (2nd), up 13.66% for the day. Morgan Stanley MUFG Securities maintained an "Overweight" rating and raised the target price from 7,100 yen to 8,200 yen.
The firm pointed out that with the continued growth in demand for special glass due to semiconductor packaging for generative AI and communication infrastructure, Nitto Boseki holds an overwhelming share in the low CTE glass market, with factories operating at full capacity. It is expected that production capacity will further expand starting in 2027, ensuring high certainty for mid-term performance growth. In addition, semiconductor-related stocks generally rose today, providing further support for the stock price
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments