Kubota (OTCMKTS:KUBTY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports. The firm currently has a $85.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.55% from the company’s previous close.
According to Zacks, “Kubota is the world’s largest maker of small tractors and Japan’s 2nd largest manufacturer of farm equipment. The company is also Japan’s largest producer of ductile iron pipe (for water supply and sewer systems) and its maker of roofing materials. The Company makes engines, construction machinery, industrial castings and machinery, waste recycling plants, and prefab housing, and pumps. It has stakes in several US computer companies, including memory storage makers Maxoptix and Akashic Memories. “
Separately, ValuEngine raised shares of Kubota from a “sell” rating to a “hold” rating in a report on Friday, March 22nd.
Kubota Corporation manufactures and sells a range of machinery, and other industrial and consumer products in Japan, North America, Europe, Asia, and internationally. Its Farm & Industrial Machinery segment provides tractors, power tillers, combine harvesters, rice transplanters, lawn mowers, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, and other agricultural equipment; cooperative drying, rice seedling, and gardening facilities; and rice mill plants.
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