Morgan Stanley Reaffirms Their Buy Rating on CALBEE (CBCFF)
In a report released yesterday, Haruka Miyake from Morgan Stanley maintained a Buy rating on CALBEE (CBCFF – Research Report), with a price target of Yen3,600.00. The company's shares closed last Wednesday at $23.00.
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According to TipRanks, Miyake is a 2-star analyst with an average return of 2.4% and a 61.54% success rate. Miyake covers the Consumer Defensive sector, focusing on stocks such as Kikkoman, CALBEE, and Toyo Suisan Kaisha.
Currently, the analyst consensus on CALBEE is a Hold with an average price target of $20.54.
Based on CALBEE's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $78.79 billion and a net profit of $2.52 billion. In comparison, last year the company earned a revenue of $75.69 billion and had a net profit of $2.72 billion
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