Asahi Glass Down 3% But Analysts Upbeat

Deutsche Bank hikes target price on Asahi Glass (5201.TO) to Y1,900 from Y1,470, affirms "buy" rating; analyst says downward revision to last FY group profit estimates due mainly to temporary factors; adds large profit growth expected this FY from FPD glass substrates business.

CSFB says no change in overall outlook for earnings recovery. Issue off 3% at Y1,604 on knee-jerk reaction to yesterday's profit outlook cut

600450 Asahi Glass Down 3% But Analysts Upbeat
Date: 3 February 2006

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