Nikon Corp (NINOY) Rating Lowered 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 report issued to clients and investors 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 price target on the stock in a report on Wednesday, July 27th.
Shares of Nikon Corp (OTCMKTS:NINOY) traded down 2.138% during mid-day trading on Wednesday, reaching $14.875. 22,499 shares of the company’s stock were exchanged. Nikon Corp has a one year low of $12.70 and a one year high of $16.50. The company’s 50-day moving average price is $14.89 and its 200-day moving average price is $14.47. The company has a market capitalization of $5.89 billion and a PE ratio of 20.183.
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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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