Nippon Paint (OTCMKTS:NPCPF) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Nippon Paint (OTCMKTS:NPCPF) from a hold rating to a buy rating in a report released on Friday, Zacks.com reports. They currently have $44.00 target price on the stock.

According to Zacks, “Nippon Paint Holdings Co. Ltd. manufactures and sells paints and coatings primarily in Japan, Asia, North America, Europe and internationally. It offers automotive coatings, industrial coatings, trade-use paints as well as marine coatings. Nippon Paint Holdings Co. Ltd. is headquartered in Osaka, Japan. “

A number of other research analysts also recently commented on the stock. Morgan Stanley raised shares of Dongfeng Motor Group from an equal weight rating to an overweight rating in a research report on Monday, July 1st. Goldman Sachs Group reaffirmed a hold rating and set a $8.40 price objective on shares of Deutsche Bank in a research report on Monday, July 8th.

Shares of NPCPF opened at $38.94 on Friday. The company’s 50 day moving average is $38.94. Nippon Paint has a 52 week low of $31.00 and a 52 week high of $40.65.

Nippon Paint Company Profile

Nippon Paint Holdings Co, Ltd. manufactures and sells various paints and coatings in Japan, Asia, North America, Europe, and internationally. The company offers automotive coatings, such as paints for use in bumpers and plastic components; trade-use paints for homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior building materials, office equipment, and household electrical appliances.

See Also: Derivative

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