Nippon Sheet Glass "underweight"

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.

600450 Nippon Sheet Glass "underweight" glassonweb.com

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