Makita (MKTAY) Upgraded at Zacks Investment Research

Makita (OTCMKTS:MKTAY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Saturday, December 2nd. The brokerage currently has a $48.00 price target on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 14.98% from the stock’s current price.

According to Zacks, “Makita Corp manufactures portable electric power tools, hand-held vacuum cleaners and power saws. Their products include impact wrenches, band saws, groove cutters, hedgetrimmers and weed cutters. They also make attachments and other parts along with performing repair work. Makita Benelux BV is the Netherlands subsidiary. “

Makita (OTCMKTS:MKTAY) traded up $0.75 during midday trading on Friday, reaching $41.75. The company’s stock had a trading volume of 8,426 shares, compared to its average volume of 12,459. Makita has a 12-month low of $30.22 and a 12-month high of $43.85.

TRADEMARK VIOLATION NOTICE: “Makita (MKTAY) Upgraded at Zacks Investment Research” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/12/makita-mktay-upgraded-to-strong-buy-by-zacks-investment-research.html.

Makita Company Profile

Makita Corporation is engaged in the business of production and sale of electric power tools, woodworking machines, pneumatic tools, gardening equipment and household equipment. The Company manufactures and sells portable electric planers. The Company’s segments are Japan, Europe, North America, Asia and Other area.

Get a free copy of the Zacks research report on Makita (MKTAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Makita Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Makita and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply