Kumagai Gumi Co., Ltd.

On July 8, multiple research firms maintained their top investment ratings on 13 stocks and raised their target prices. Morgan Stanley MUFG Securities raised its target price for Kumagai Gumi from 2,200 yen to 2,250 yen, for Penta-Ocean Construction from 2,400 yen to 2,500 yen, and for Infroneer Holdings from 2,850 yen to 3,150 yen, maintaining bullish ratings on all three. Goldman Sachs raised its target price for Sumitomo Electric Industries from 3,125 yen to 3,400 yen, for Hitachi from 6,100 yen to 6,300 yen, for Mitsubishi Electric from 7,000 yen to 7,400 yen, for Panasonic Holdings from 4,220 yen to 5,000 yen, and for Anritsu from 4,700 yen to 5,300 yen, maintaining buy ratings. Tokai Tokyo Intelligence Laboratory raised its target price for NHK Spring from 3,060 yen to 4,480 yen, and for MS&AD Insurance Group Holdings from 6,000 yen to 6,100 yen, maintaining bullish ratings. Nomura Securities raised its target price for As One from 3,400 yen to 3,500 yen, and for Pilot Corporation from 1,867 yen to 1,950 yen, maintaining buy ratings. Nikko Securities raised its target price for Chubu Electric Power from 3,000 yen to 3,500 yen, maintaining a bullish rating.