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Fly News Breaks for June 26, 2018
CAJ
Jun 26, 2018 | 07:02 EDT
As previously reported, JPMorgan analyst Hisashi Moriyama downgraded Canon to Neutral from Overweight citing expectations that forex rates will depress Q4 profit and concerns that LCD and OLED capex will decline again in 2019. Given his forecast for overall FPD capex to decline, Moriyama thinks Canon's profit growth potential could weaken or even decline, he tells investors. He lowered his price target on the stock to Y4,000 from Y4,500.
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