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Citi maintained its Buy rating on TDK Corp . (TYO:6762:JP) (OTC:TTDKY) Wednesday while raising its price target to JPY2,200 from JPY2,100.
The research firm cited expectations of "slight upside" to TDK’s base-scenario guidance for fiscal year 2026. TDK has issued guidance under two scenarios: a base scenario and a risk scenario that factors in significant tariff impact.
Citi expects medium-term profitability improvements for TDK driven by increased value-added in smartphone rechargeable batteries, benefits from advances in hard disk drive (HDD) head technology, and ongoing portfolio restructuring efforts.
The firm’s analysis maintains a positive outlook on TDK’s growth trajectory, supporting its continued Buy recommendation for the electronic components manufacturer.
TDK, a major producer of electronic components including magnetic heads, batteries, and sensors, has positioned itself to navigate potential tariff challenges while pursuing technological advancements in its core product lines.
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