Zacks Investment Research Upgrades Nippon Paint (OTCMKTS:NPCPF) to Buy

Nippon Paint (OTCMKTS:NPCPF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports. The firm currently has a $44.00 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 12.99% from the stock’s previous close.

According to Zacks, “Nippon Paint Holdings Co. Ltd. manufactures and sells paints and coatings primarily in Japan, Asia, North America, Europe and internationally. It offers automotive coatings, industrial coatings, trade-use paints as well as marine coatings. Nippon Paint Holdings Co. Ltd. is headquartered in Osaka, Japan. “

A number of other equities research analysts have also weighed in on NPCPF. Goldman Sachs Group restated a “hold” rating and set a $8.40 price objective on shares of Deutsche Bank in a research report on Monday, July 8th. Morgan Stanley upgraded Dongfeng Motor Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 1st.

Shares of NPCPF stock opened at $38.94 on Friday. Nippon Paint has a twelve month low of $31.00 and a twelve month high of $40.65. The stock’s fifty day moving average price is $38.94.

About Nippon Paint

Nippon Paint Holdings Co, Ltd. manufactures and sells various paints and coatings in Japan, Asia, North America, Europe, and internationally. The company offers automotive coatings, such as paints for use in bumpers and plastic components; trade-use paints for homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior building materials, office equipment, and household electrical appliances.

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