Horiba (HRIBF) Stock Rating Upgraded by Zacks Investment Research

Horiba (OTCMKTS:HRIBF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage presently has a $68.00 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.42% from the company’s previous close.

According to Zacks, “Horiba Ltd. engages in manufacture and sale of instruments and systems for industrial applications. Its operating segments include Automotive Test Systems, Process and Environmental Instruments, Semiconductor Instruments, Medical-Diagnostic Instruments and Systems and Scientific Instruments and Systems. The company operates primarily in America, Asia and Oceania, Japan and Europe. Horiba Ltd is engaged in Kyoto, Japan. “

Shares of Horiba (OTCMKTS:HRIBF) opened at $61.03 on Wednesday. Horiba has a twelve month low of $61.03 and a twelve month high of $64.50. The company has a market capitalization of $2,600.00 and a P/E ratio of 18.67.

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