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Investing.com - Jefferies has initiated coverage on Furukawa Electric Co (TYO:5801) with a Buy rating and a price target of JPY11,969.00.
The research firm cited the company’s "great potential" in its Communication Solutions and Functional Products segments as key factors behind the positive outlook.
Jefferies highlighted Furukawa’s strong track record in DC-geared thermal management and memory disks within its Functional Products segment.
The firm identified the Telecom segment as "the main catalyst to drive the increase in share price," noting that this division had previously suffered from negative margins in past fiscal years.
Jefferies expects Furukawa’s fiscal year 2026 earnings to exceed the company’s own guidance, further supporting its bullish stance on the stock.
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