Disco Corporation (NASDAQ:DSCSY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The firm presently has a $40.00 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 13.27% from the company’s previous close.
According to Zacks, “DISCO Corporation manufactures and sells precision cutting, grinding and polishing machines primarily in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws, as well as products for dicing before grinding process and package singulation. The company also manufactures and sells precision diamond abrasive tools; and offers processing services. DISCO Corporation is headquartered in Tokyo, Japan. “
Shares of Disco Corporation (NASDAQ DSCSY) traded up 1.230% during trading on Wednesday, hitting $35.315. The stock had a trading volume of 214 shares. The company has a market cap of $6.33 billion and a P/E ratio of 24.172. Disco Corporation has a 12-month low of $21.76 and a 12-month high of $36.69.
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