US stock futures rise after Trump announces Japan trade deal
Investing.com - JPMorgan initiated coverage on Nidec Corporation (TYO:6594) (OTC:NNDNF) with an Overweight rating and a price target of JPY3,900.00 through December 2026.
The investment bank positively evaluated Nidec’s efforts to expand earnings, with a focus on home appliances, commercial and industrial equipment, alongside the overall market recovery.
JPMorgan also highlighted Nidec’s initiatives to reduce variable costs through its medium-term plan, implement portfolio management, and improve profitability by changing the management structure in the automotive business in Europe and the United States.
The firm noted that Nidec stock appears currently undervalued based on its analysis.
JPMorgan expressed high expectations for Nidec under the leadership of company president Mitsuya Kishida, who recently took the helm of the Japanese motor manufacturer.
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