Makita (MKTAY) Lifted to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Makita (OTCMKTS:MKTAY) from a hold rating to a strong-buy rating in a research report released on Saturday. The firm currently has $48.00 price target on the stock.

According to Zacks, “Makita Corp manufactures portable electric power tools, hand-held vacuum cleaners and power saws. Their products include impact wrenches, band saws, groove cutters, hedgetrimmers and weed cutters. They also make attachments and other parts along with performing repair work. Makita Benelux BV is the Netherlands subsidiary. “

Shares of Makita (OTCMKTS:MKTAY) opened at $41.74 on Friday. Makita has a 12-month low of $30.22 and a 12-month high of $43.85.

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Makita Company Profile

Makita Corporation is engaged in the business of production and sale of electric power tools, woodworking machines, pneumatic tools, gardening equipment and household equipment. The Company manufactures and sells portable electric planers. The Company’s segments are Japan, Europe, North America, Asia and Other area.

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