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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Sell</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Sell/26815213.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Neutral to Sell with a price target of JPY8,200.00.&lt;/p&gt;&lt;p&gt;The analyst commented: &quot;We assume downside of c.18% to our new 12-month target price of ¥8,200 (vs. coverage average of c.+20%). While orders in Ulvac's semiconductor products are on an expansion trend amid capex increases by major semiconductor makers, our new earnings estimates assume the pace of margin improvement at the company may be restrained. Key reasons are as follows. 1) Production capacity at its main bases is already nearing its limit, leaving little room for further output increases, and</description>
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   <pubDate>Mon, 27 Jul 2026 05:23:57 -0400</pubDate>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Sell</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Sell/26815213.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Neutral to Sell with a price target of JPY8,200.00.&lt;/p&gt;&lt;p&gt;The analyst commented: &quot;We assume downside of c.18% to our new 12-month target price of ¥8,200 (vs. coverage average of c.+20%). While orders in Ulvac's semiconductor products are on an expansion trend amid capex increases by major semiconductor makers, our new earnings estimates assume the pace of margin improvement at the company may be restrained. Key reasons are as follows. 1) Production capacity at its main bases is already nearing its limit, leaving little room for further output increases, and</description>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Sell</title>
   <link>http://www.streetinsider.com/Downgrades/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Sell/26815213.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Neutral to Sell with a price target of JPY8,200.00.&lt;/p&gt;&lt;p&gt;The analyst commented: &quot;We assume downside of c.18% to our new 12-month target price of ¥8,200 (vs. coverage average of c.+20%). While orders in Ulvac's semiconductor products are on an expansion trend amid capex increases by major semiconductor makers, our new earnings estimates assume the pace of margin improvement at the company may be restrained. Key reasons are as follows. 1) Production capacity at its main bases is already nearing its limit, leaving little room for further output increases, and</description>
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   <pubDate>Mon, 27 Jul 2026 05:23:57 -0400</pubDate>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Sell</title>
   <link>http://www.streetinsider.com/Downgrades/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Sell/26815213.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Neutral to Sell with a price target of JPY8,200.00.&lt;/p&gt;&lt;p&gt;The analyst commented: &quot;We assume downside of c.18% to our new 12-month target price of ¥8,200 (vs. coverage average of c.+20%). While orders in Ulvac's semiconductor products are on an expansion trend amid capex increases by major semiconductor makers, our new earnings estimates assume the pace of margin improvement at the company may be restrained. Key reasons are as follows. 1) Production capacity at its main bases is already nearing its limit, leaving little room for further output increases, and</description>
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   <pubDate>Mon, 27 Jul 2026 05:23:57 -0400</pubDate>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Sell</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Sell/26815213.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Neutral to Sell with a price target of JPY8,200.00.&lt;/p&gt;&lt;p&gt;The analyst commented: &quot;We assume downside of c.18% to our new 12-month target price of ¥8,200 (vs. coverage average of c.+20%). While orders in Ulvac's semiconductor products are on an expansion trend amid capex increases by major semiconductor makers, our new earnings estimates assume the pace of margin improvement at the company may be restrained. Key reasons are as follows. 1) Production capacity at its main bases is already nearing its limit, leaving little room for further output increases, and</description>
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   <pubDate>Mon, 27 Jul 2026 05:23:57 -0400</pubDate>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Sell</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Sell/26815213.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Neutral to Sell with a price target of JPY8,200.00.&lt;/p&gt;&lt;p&gt;The analyst commented: &quot;We assume downside of c.18% to our new 12-month target price of ¥8,200 (vs. coverage average of c.+20%). While orders in Ulvac's semiconductor products are on an expansion trend amid capex increases by major semiconductor makers, our new earnings estimates assume the pace of margin improvement at the company may be restrained. Key reasons are as follows. 1) Production capacity at its main bases is already nearing its limit, leaving little room for further output increases, and</description>
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   <pubDate>Mon, 27 Jul 2026 05:23:57 -0400</pubDate>
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   <title>Ulvac Inc (6728:JP) (ULVAF) PT Raised to JPY10,300 at Goldman Sachs</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+PT+Raised+to+JPY10%2C300+at+Goldman+Sachs/26709600.html</link>
   <description>Goldman Sachs analyst Shuhei Nakamura raised the price target on Ulvac Inc (6728:JP) (OTC: ULVAF) to JPY10,300.00  (from JPY9,400.00) while maintaining a Neutral rating.</description>
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   <pubDate>Tue, 30 Jun 2026 07:35:04 -0400</pubDate>
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   <title>Ulvac Inc (6728:JP) (ULVAF) PT Raised to JPY10,300 at Goldman Sachs</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+PT+Raised+to+JPY10%2C300+at+Goldman+Sachs/26709600.html</link>
   <description>Goldman Sachs analyst Shuhei Nakamura raised the price target on Ulvac Inc (6728:JP) (OTC: ULVAF) to JPY10,300.00  (from JPY9,400.00) while maintaining a Neutral rating.</description>
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   <title>Ulvac Inc (6728:JP) (ULVAF) PT Raised to JPY10,300 at Goldman Sachs</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+PT+Raised+to+JPY10%2C300+at+Goldman+Sachs/26709600.html</link>
   <description>Goldman Sachs analyst Shuhei Nakamura raised the price target on Ulvac Inc (6728:JP) (OTC: ULVAF) to JPY10,300.00  (from JPY9,400.00) while maintaining a Neutral rating.</description>
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   <title>Ulvac Inc (6728:JP) (ULVAF) PT Raised to JPY10,300 at Goldman Sachs</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+PT+Raised+to+JPY10%2C300+at+Goldman+Sachs/26709600.html</link>
   <description>Goldman Sachs analyst Shuhei Nakamura raised the price target on Ulvac Inc (6728:JP) (OTC: ULVAF) to JPY10,300.00  (from JPY9,400.00) while maintaining a Neutral rating.</description>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Neutral</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Neutral/26579168.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Buy to Neutral with a price target of JPY9,400.00 (from JPY12,000.00).&lt;/p&gt;</description>
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   <pubDate>Mon, 01 Jun 2026 07:26:09 -0400</pubDate>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Neutral</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Neutral/26579168.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Buy to Neutral with a price target of JPY9,400.00 (from JPY12,000.00).&lt;/p&gt;</description>
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   <pubDate>Mon, 01 Jun 2026 07:26:09 -0400</pubDate>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Neutral</title>
   <link>http://www.streetinsider.com/Downgrades/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Neutral/26579168.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Buy to Neutral with a price target of JPY9,400.00 (from JPY12,000.00).&lt;/p&gt;</description>
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   <pubDate>Mon, 01 Jun 2026 07:26:09 -0400</pubDate>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Neutral</title>
   <link>http://www.streetinsider.com/Downgrades/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Neutral/26579168.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Buy to Neutral with a price target of JPY9,400.00 (from JPY12,000.00).&lt;/p&gt;</description>
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   <pubDate>Mon, 01 Jun 2026 07:26:09 -0400</pubDate>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Neutral</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Neutral/26579168.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Buy to Neutral with a price target of JPY9,400.00 (from JPY12,000.00).&lt;/p&gt;</description>
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   <title>Goldman Sachs Downgrades Ulvac Inc (6728:JP) (ULVAF) to Neutral</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Goldman+Sachs+Downgrades+Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+to+Neutral/26579168.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Shuhei Nakamura downgraded Ulvac Inc (6728:JP) (OTC: ULVAF) from Buy to Neutral with a price target of JPY9,400.00 (from JPY12,000.00).&lt;/p&gt;</description>
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   <title>ULVAC Establishes Japan-Based Production for Rare-Earth Magnet Vacuum Melting Furnaces</title>
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&lt;p&gt;Chigasaki, Japan, May 1, 2026 - (JCN Newswire) -  - ULVAC, Inc. anticipates that orders for its continuous vacuum melting furnaces dedicated to rare-earth magnets will approximately triple year on year, driven primarily by magnet manufacturers in Europe and North America. In response to this growth in orders, ULVAC has decided to establish a new production system for these furnaces in Japan. By adding a production site in Japan to its existing facility in China, ULVAC will build a dual-site supply structure, providing customers with diversified supply options.&lt;/p&gt;&lt;p&gt;Background&lt;/p&gt;&lt;p&gt;Rare-earth magnets are essential core components used in advanced equipment across a</description>
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   <title>ULVAC Establishes Japan-Based Production for Rare-Earth Magnet Vacuum Melting Furnaces</title>
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&lt;p&gt;Chigasaki, Japan, May 1, 2026 - (JCN Newswire) -  - ULVAC, Inc. anticipates that orders for its continuous vacuum melting furnaces dedicated to rare-earth magnets will approximately triple year on year, driven primarily by magnet manufacturers in Europe and North America. In response to this growth in orders, ULVAC has decided to establish a new production system for these furnaces in Japan. By adding a production site in Japan to its existing facility in China, ULVAC will build a dual-site supply structure, providing customers with diversified supply options.&lt;/p&gt;&lt;p&gt;Background&lt;/p&gt;&lt;p&gt;Rare-earth magnets are essential core components used in advanced equipment across a</description>
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   <title>ULVAC Establishes Japan-Based Production for Rare-Earth Magnet Vacuum Melting Furnaces</title>
   <link>http://www.streetinsider.com/Press+Releases/ULVAC+Establishes+Japan-Based+Production+for+Rare-Earth+Magnet+Vacuum+Melting+Furnaces/26410925.html</link>
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&lt;p&gt;Chigasaki, Japan, May 1, 2026 - (JCN Newswire) -  - ULVAC, Inc. anticipates that orders for its continuous vacuum melting furnaces dedicated to rare-earth magnets will approximately triple year on year, driven primarily by magnet manufacturers in Europe and North America. In response to this growth in orders, ULVAC has decided to establish a new production system for these furnaces in Japan. By adding a production site in Japan to its existing facility in China, ULVAC will build a dual-site supply structure, providing customers with diversified supply options.&lt;/p&gt;&lt;p&gt;Background&lt;/p&gt;&lt;p&gt;Rare-earth magnets are essential core components used in advanced equipment across a</description>
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   <title>Ulvac Inc (6728:JP) (ULVAF) PT Raised to JPY11,500 at Goldman Sachs</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Ulvac+Inc+%286728%3AJP%29+%28ULVAF%29+PT+Raised+to+JPY11%2C500+at+Goldman+Sachs/26136133.html</link>
   <description>Goldman Sachs analyst Shuhei Nakamura raised the price target on Ulvac Inc (6728:JP) (OTC: ULVAF) to JPY11,500.00  (from JPY10,900.00) while maintaining a Buy rating.</description>
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   <title>Ulvac Inc (6728:JP) (ULVAF) PT Raised to JPY11,500 at Goldman Sachs</title>
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   <description>Goldman Sachs analyst Shuhei Nakamura raised the price target on Ulvac Inc (6728:JP) (OTC: ULVAF) to JPY11,500.00  (from JPY10,900.00) while maintaining a Buy rating.</description>
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   <title>Ulvac Inc (6728:JP) (ULVAF) PT Raised to JPY11,500 at Goldman Sachs</title>
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