Zacks Investment Research cut shares of Komatsu (OTCMKTS:KMTUY) from a strong-buy rating to a hold rating in a report published on Tuesday.
According to Zacks, “KOMATSU LTD., headquartered in Tokyo, Japan, is the world’s second largest manufacturer of earthmoving and construction machines, with annual revenues of 7,580 million euros (9.2 billion US$) and more than 30.000 employees worldwide. “
Separately, ValuEngine downgraded shares of Komatsu from a buy rating to a hold rating in a research note on Wednesday, December 20th.
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Komatsu Company Profile
Komatsu Ltd. is a provider of industrial-use products and services. The Company is engaged in the business of construction and mining equipment, industrial machinery and vehicles, logistics, electronics and other solutions-based operations. Its DANTOTSU service includes KOMTRAX, which is a machine tracking system whose terminals are installed on construction equipment to transmit information concerning the location, cumulative hours of operation and operating condition of vehicles, and KOMTRAX Plus, which is used in mining.
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