Showa Denko K.K. (OTCMKTS:SHWDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The firm presently has a $40.00 price objective on the stock. Zacks Investment Research‘s target price suggests a potential upside of 12.83% from the company’s current price.

According to Zacks, “Showa Denko K.K. is engaged in chemical business. The company’s business segment consists of Petrochemical, Chemicals, Inorganics, Aluminum, Electronics and Advanced Battery Materials. Showa Denko K.K. is based in Minato-Ku, Japan. “

Shares of Showa Denko K.K. (SHWDY) opened at $35.45 on Friday. The company has a market capitalization of $53,072.66 and a PE ratio of 13.85. Showa Denko K.K. has a twelve month low of $22.53 and a twelve month high of $35.45.

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