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Daikin Industries downgraded to Neutral from Buy at Goldman Sachs

Daikin Industries downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs downgraded Daikin Industries to Neutral from Buy with a price target of 22,000 yen, down from 33,000 yen. The company’s significant sales underperformance in the Americas business, where it is focusing resources, is a cause for concern in terms of future growth prospects, the analyst tells investors in a research note.

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