Komatsu (OTCMKTS:KMTUY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued 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. “
KMTUY has been the subject of a number of other reports. ValuEngine downgraded Komatsu from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Goldman Sachs Group downgraded Komatsu from a “buy” rating to a “neutral” rating in a research note on Thursday, February 21st. Finally, JPMorgan Chase & Co. downgraded Komatsu from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 26th.
Komatsu Ltd. manufactures and sells construction, mining, and utility equipment worldwide. The company operates through three segments: Construction, Mining, and Utility Equipment; Retail Finance; and Industrial Machinery and Others. It offers construction and mining equipment, including electric rope shovels, continuous miners, hydraulic excavators, wheel loaders, bulldozers, motor graders, dump trucks, mini excavators, utility equipment, and other mining equipment.
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