Nippon Paint (OTCMKTS:NPCPF) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Nippon Paint (OTCMKTS:NPCPF) from a hold rating to a buy rating in a research report sent to investors on Friday morning, Zacks.com reports. They currently have $44.00 target price on the stock.

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 research firms also recently issued reports on NPCPF. Goldman Sachs Group reaffirmed a hold rating and set a $8.40 price target on shares of Deutsche Bank in a research note on Monday, July 8th. Morgan Stanley raised shares of Dongfeng Motor Group from an equal weight rating to an overweight rating in a research note on Monday, July 1st.

NPCPF stock opened at $38.94 on Friday. Nippon Paint has a one year low of $31.00 and a one year high of $40.65. The stock has a fifty day moving average of $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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