MonotaRO (OTCMKTS:MONOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The brokerage presently has a $57.00 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 4.86% from the company’s previous close.
According to Zacks, “Monotaro Co. provides consumable goods through its web site. Monotaro Co. is headquartered in Amagasaki, Japan. “
Separately, Jefferies Financial Group upgraded MonotaRO from a “hold” rating to a “buy” rating in a research report on Friday, January 8th.
MonotaRO Co, Ltd., together with its subsidiaries, operates an online MRO products store in Japan, Korea, China, Indonesia, and internationally. It offers products for manufacturing, construction, and automotive industries. The company was formerly known as Sumisho Grainger Co, Ltd. and changed its name to MonotaRO Co, Ltd.
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