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Nippon Sheet Glass "underweight"
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Analyst Lalita Gupta of Morgan Stanley maintains her "underweight" rating on Nippon Sheet Glass Corporation. The target price is set to ¥330.
In a research note published this morning, the analyst mentions that the company has recently announced its mid-term plan for FY05-FY07. Nippon Sheet Glass aims to achieve +4.9% CAGR sales growth on a y/y basis for the period, the analyst says. Margin growth for the period is likely to be driven by the company's Glass and Information & Electronics divisions, Morgan Stanley says. The analyst believes, however, that Nippon Sheet Glass' target is aggressive.
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November 26th, 2004
Source: Newratings.com |
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