Fanuc Corp. (FANUY) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Fanuc Corp. (OTCMKTS:FANUY) from a hold rating to a buy rating in a report published on Wednesday, August 2nd. They currently have $23.00 target price on the industrial products company’s stock.

According to Zacks, “Fanuc Ltd. is a manufacturer of factory automation and robots. It is engaged in the development, manufacture, sale and maintenance of robots and factory automation products primarily in Japan, US, Europe and other Asian countries. The Company’s technology is applied in the automation of machine tools. Its products lineup includes: computer numerical control series; servo motors; carbon dioxide laser oscillators; industrial lasers; robots and robot machines; machine for milling and boring, precision molding machines, wire-cut electric discharge machine and nano control technology based machines that have their applications in optical electronics, medical, semiconductor and biotechnology fields. Fanuc Ltd. is headquartered in Yamanashi Prefecture, Japan. “

Separately, Macquarie reiterated a neutral rating on shares of Fanuc Corp. in a report on Monday, July 31st.

Shares of Fanuc Corp. (OTCMKTS FANUY) traded down 0.30% during mid-day trading on Wednesday, hitting $19.72. The stock had a trading volume of 133,330 shares. Fanuc Corp. has a 52-week low of $16.20 and a 52-week high of $21.74.

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