UT Group - Continued decline, with many uncertain factors in the near term, downgraded by US securities firms.

Fisco Japan · Nov 18, 2024 13:34

UT Group <2146> continues to decline. morgan stanley MUFG Securities has downgraded its investment rating from "overweight" to "equal weight," and has also reduced the target stock price from 3,600 yen to 1,900 yen. While expectations regarding long-term labor shortages and the benefits of domestic semiconductor production remain unchanged, consideration is given to the susceptibility to semi-macro effects from the semiconductor and automobile industries, as well as various uncertainties such as rising turnover rates and declining recruitment efficiency. The operating profit for the fiscal year ending March 2025 has been revised down from 11.9 billion yen to 6.5 billion yen.

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UTグループ---続落、目先は不確定要素多いとして米系証券では格下げ

UT Group - Continued decline, with many uncertain factors in the near term, downgraded by US securities firms.

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