FUJIFILM (OTCMKTS:FUJIY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.
According to Zacks, “Over the last month, Fujifilm’s shares have outperformed the industry. However, we fear that prevalent headwinds might dent the company’s near-term performance. For instance, adverse foreign currency translation impact might continue to weigh over Fujifilm’s revenues in the near future. Moreover, stiff industry rivalry might also lower market share in the quarters ahead. Also, we percieve that weaker Oceania end markets’ sales or depressed graphic systems business might continue to weigh over Fujifilm’s revenues and profitability. Over the last seven days, the Zacks Consensus Estimate for the stock moved south for both fiscal 2018 and 2019.”
Separately, ValuEngine raised FUJIFILM from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.
FUJIFILM Holdings Corporation is engaged in the development, production, sales and service of imaging solutions, information solutions and document solutions. The Company’s segments include Imaging Solutions, Information Solutions, Document Solutions and, Corporate expenses and eliminations. The Imaging Solutions segment consists of photo imaging, and optical device and electronic imaging products.
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