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Goldman Sachs Downgrades Nitto Denko (6988:JP) (NDEKY) to Neutral

Mon, 08 Jun 2026 05:50:27 -0400

(Updated - June 8, 2026 5:50 AM EDT)

Goldman Sachs analyst Daiki Takayama downgraded Nitto Denko (6988:JP) (OTC: NDEKY) from Buy to Neutral with a price target of JPY3,000.00 (from JPY4,200.00).

The analyst comments: “We are lowering our 12-month target price to ¥3,000 from ¥4,200 and changing our rating from Buy to Neutral. We had expected the company’s four niche-leading product groups (films for foldable phones, electrical release tapes, high-performance circuit materials, and oligonucleotide therapeutics CDMO) to drive earnings, and for the valuation to re-rate, referencing similar past phases. However, while many of the niche-leading product groups appear to be solid as

Goldman Sachs Downgrades Nitto Denko (6988:JP) (NDEKY) to Neutral

Mon, 08 Jun 2026 05:50:27 -0400

(Updated - June 8, 2026 5:50 AM EDT)

Goldman Sachs analyst Daiki Takayama downgraded Nitto Denko (6988:JP) (OTC: NDEKY) from Buy to Neutral with a price target of JPY3,000.00 (from JPY4,200.00).

Goldman Sachs Downgrades Nitto Denko (6988:JP) (NDEKY) to Neutral

Mon, 08 Jun 2026 05:50:27 -0400

(Updated - June 8, 2026 5:50 AM EDT)

Goldman Sachs analyst Daiki Takayama downgraded Nitto Denko (6988:JP) (OTC: NDEKY) from Buy to Neutral with a price target of JPY3,000.00 (from JPY4,200.00).

Goldman Sachs Downgrades Nitto Denko (6988:JP) (NDEKY) to Neutral

Mon, 08 Jun 2026 05:50:27 -0400

(Updated - June 8, 2026 5:50 AM EDT)

Goldman Sachs analyst Daiki Takayama downgraded Nitto Denko (6988:JP) (OTC: NDEKY) from Buy to Neutral with a price target of JPY3,000.00 (from JPY4,200.00).

Goldman Sachs Downgrades Nitto Denko (6988:JP) (NDEKY) to Neutral

Mon, 08 Jun 2026 05:50:27 -0400

(Updated - June 8, 2026 5:50 AM EDT)

Goldman Sachs analyst Daiki Takayama downgraded Nitto Denko (6988:JP) (OTC: NDEKY) from Buy to Neutral with a price target of JPY3,000.00 (from JPY4,200.00).

Goldman Sachs Downgrades Nitto Denko (6988:JP) (NDEKY) to Neutral

Mon, 08 Jun 2026 05:50:27 -0400

(Updated - June 8, 2026 5:50 AM EDT)

Goldman Sachs analyst Daiki Takayama downgraded Nitto Denko (6988:JP) (OTC: NDEKY) from Buy to Neutral with a price target of JPY3,000.00 (from JPY4,200.00).

Goldman Sachs Downgrades Nitto Denko (6988:JP) (NDEKY) to Neutral

Mon, 08 Jun 2026 05:50:27 -0400

(Updated - June 8, 2026 5:50 AM EDT)

Goldman Sachs analyst Daiki Takayama downgraded Nitto Denko (6988:JP) (OTC: NDEKY) from Buy to Neutral with a price target of JPY3,000.00 (from JPY4,200.00).

Goldman Sachs Downgrades Nitto Denko (6988:JP) (NDEKY) to Neutral

Mon, 08 Jun 2026 05:50:27 -0400

(Updated - June 8, 2026 5:50 AM EDT)

Goldman Sachs analyst Daiki Takayama downgraded Nitto Denko (6988:JP) (OTC: NDEKY) from Buy to Neutral with a price target of JPY3,000.00 (from JPY4,200.00).

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,400 at Nomura/Instinet

Wed, 03 Jun 2026 11:48:37 -0400

Nomura/Instinet analyst Shigeki Okazaki lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,400.00 (from JPY4,000.00) while maintaining a Neutral rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,400 at Nomura/Instinet

Wed, 03 Jun 2026 11:48:37 -0400

Nomura/Instinet analyst Shigeki Okazaki lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,400.00 (from JPY4,000.00) while maintaining a Neutral rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,400 at Nomura/Instinet

Wed, 03 Jun 2026 11:48:37 -0400

Nomura/Instinet analyst Shigeki Okazaki lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,400.00 (from JPY4,000.00) while maintaining a Neutral rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,400 at Nomura/Instinet

Wed, 03 Jun 2026 11:48:37 -0400

Nomura/Instinet analyst Shigeki Okazaki lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,400.00 (from JPY4,000.00) while maintaining a Neutral rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,700 at Citi

Mon, 04 May 2026 00:59:32 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,700.00 (from JPY3,800.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,700 at Citi

Mon, 04 May 2026 00:59:32 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,700.00 (from JPY3,800.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,700 at Citi

Mon, 04 May 2026 00:59:32 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,700.00 (from JPY3,800.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,700 at Citi

Mon, 04 May 2026 00:59:32 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,700.00 (from JPY3,800.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,700 at Citi

Fri, 01 May 2026 07:15:12 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,700.00 (from JPY3,800.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,700 at Citi

Fri, 01 May 2026 07:15:12 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,700.00 (from JPY3,800.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,700 at Citi

Fri, 01 May 2026 07:15:12 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,700.00 (from JPY3,800.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,700 at Citi

Fri, 01 May 2026 07:15:12 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,700.00 (from JPY3,800.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,800 at Citi

Fri, 27 Mar 2026 02:19:37 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,800.00 (from JPY4,400.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,800 at Citi

Fri, 27 Mar 2026 02:19:37 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,800.00 (from JPY4,400.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,800 at Citi

Fri, 27 Mar 2026 02:19:37 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,800.00 (from JPY4,400.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY3,800 at Citi

Fri, 27 Mar 2026 02:19:37 -0400

Citi analyst Yuta Nishiyama lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY3,800.00 (from JPY4,400.00) while maintaining a Buy rating.

Nitto Denko (6988:JP) (NDEKY) PT Lowered to JPY4,000 at Nomura/Instinet

Thu, 05 Mar 2026 07:21:58 -0400

Nomura/Instinet analyst Shigeki Okazaki lowered the price target on Nitto Denko (6988:JP) (OTC: NDEKY) to JPY4,000.00 (from JPY4,200.00) while maintaining a Neutral rating.