Nikon Corp (NINOY) Cut to “Underweight” at JPMorgan Chase & Co.
Nikon Corp (OTCMKTS:NINOY) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Wednesday, The Fly reports.
Separately, Zacks Investment Research upgraded shares of Nikon Corp from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research note on Wednesday, July 27th.
Shares of Nikon Corp (OTCMKTS:NINOY) traded down 2.138% during trading on Wednesday, hitting $14.875. The stock had a trading volume of 22,499 shares. The stock has a market capitalization of $5.89 billion and a price-to-earnings ratio of 20.183. Nikon Corp has a 52 week low of $12.70 and a 52 week high of $16.50. The firm has a 50 day moving average price of $14.89 and a 200-day moving average price of $14.47.
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Nikon Corp Company Profile
NIKON CORPORATION is mainly engaged in the manufacture and sale of image and video equipment. The Company operates in three business segments. The Precision Equipment segment offers semiconductor exposure apparatus and flat panel display (FPD) exposure apparatus products and services. The Video segment provides video related and its peripheral area products and services, such as interchangeable lens type digital cameras, compact digital cameras and interchangeable lenses.
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