UPDATE: Goldman Sachs Downgrade Canon (CAJ) to Sell

September 20, 2019 10:47 AM EDT
Get Alerts CAJ Hot Sheet
Price: $23.55 --0%

Rating Summary:
    1 Buy, 5 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 5 | New: 20
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(Updated - September 20, 2019 11:02 AM EDT)

(updated to correct rating action, add comments)

Goldman Sachs analyst Satoru Ogawa downgraded Canon (NYSE: CAJ) from Neutral to Sell and lowered the price target from Yen 3,200 to Yen 2,600.

  • weak demand for existing core products
  • external environment more challenging than expected
  • cut FY12/19-FY12/21 operating profit estimates by -13%, -3%,-17%

For an analyst ratings summary and ratings history on Canon click here. For more ratings news on Canon click here.

Shares of Canon closed at $27.12 yesterday.

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