Horiba Ltd (NASDAQ:HRIBF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The brokerage presently has a $72.00 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 11.63% from the company’s previous close.

According to Zacks, “Horiba Ltd. engages in manufacture and sale of instruments and systems for industrial applications. Its operating segments include Automotive Test Systems, Process and Environmental Instruments, Semiconductor Instruments, Medical-Diagnostic Instruments and Systems and Scientific Instruments and Systems. The company operates primarily in America, Asia and Oceania, Japan and Europe. Horiba Ltd is engaged in Kyoto, Japan. “

Horiba (NASDAQ HRIBF) opened at 64.50 on Friday. Horiba has a 52-week low of $37.70 and a 52-week high of $64.50. The firm has a market cap of $2.72 billion and a P/E ratio of 19.52.

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