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Investing.com - UBS upgraded NTN Corp (T:6472) (OTC:NTTBF) stock rating from Neutral to Buy and raised its price target to JPY370.00 from JPY220.00.
The upgrade comes as UBS expects NTN’s earnings to improve despite uncertain external conditions, primarily due to progress with the company’s restructuring efforts.
UBS significantly raised its earnings estimates for NTN and considers the current share price "undemanding" relative to expected profit levels from fiscal year 2027 onward.
While potential cost increases from tariffs remain a concern, UBS estimates that NTN can offset most of this impact through price pass-through to customers.
NTN Corp, which trades on the Tokyo Stock Exchange and over-the-counter in the United States, is a Japanese manufacturer of bearings and other precision industrial components.
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