Buy Rating on SMC (OR) as Cyclical Recovery Signals Growth and Resilience
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2024
0mins
Source: Business Insider
Analyst Rating and Price Target: Jay Huang from Bernstein has maintained a Buy rating on SMC (OR) with a price target of Yen100,000.00, citing early signs of cyclical recovery, improved gross margins, and strong order growth in Asia despite challenges in certain sectors.
Company Overview: SMC Corp. specializes in automatic control equipment manufacturing and sales, operating through segments that include air preparation and pressure control equipment, and has shown resilience in various industries, making it an attractive investment opportunity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
