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Investing.com - Jefferies maintained its Buy rating and JPY4,100.00 price target on Mitsubishi Heavy Industries Ltd (7011:JP) (OTC:MHVYF) on Tuesday.
The research firm highlighted management’s discussion about potential for further improvement in profit margins for the company’s gas turbine and coal-based thermal power business in fiscal year 2026 and beyond.
While Mitsubishi Heavy Industries kept its full-year operating profit guidance unchanged, Jefferies noted that management displayed increased confidence in the company’s profit generation compared to three months ago.
Jefferies also pointed to the upcoming official announcement of frigate orders from Australia as a potential catalyst that could draw market attention to Mitsubishi’s leading position in Japan’s defense industry.
The firm’s JPY4,100.00 price target suggests significant upside potential for the Japanese industrial conglomerate’s stock.
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