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Fly News Breaks for February 21, 2019
KMTUY
Feb 21, 2019 | 11:21 EDT
Goldman Sachs analyst Yuichiro Isayama downgraded Komatsu to Neutral from Buy following a recent rally in the stock, stating that his near-term concern is the fact that Asia-Pacific coal prices have swung to a softening trend and will likely weigh on earnings. The analyst, who continues to "view Komatsu as a blue-chip machinery sector name," raised his price target on the stock to Y2,950 from Y2,700.
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