Analyst Lalita Gupta of Morgan Stanley maintains her "equal weight" rating on Asahi Glass (ticker: SHJ).
The target price is set to ¥1160.In a research note published this morning, the analyst mentions that the conditions for price hikes in the architectural glass segment in Japan are becoming less favourable.According to the analysts, Asahi Glass' Asahimas Flat Glass subsidiary in Indonesia has been unable to raise its prices in-line with the steep appreciation in fuel costs.