Daiwa Capital Markets Stock Recommendations and Price Targets

This is a list of recent ratings by Daiwa Capital Markets.

DateCompany NameActionCurrent
Price
Price
Target
RatingImpact on
Share Price
12/6/2021
SHMUY
Shimizu
Downgrade$25.00Outperform ➝ NeutralN/A
12/6/2021
MARUY
Marubeni
Upgrade$95.00Neutral ➝ OutperformN/A
12/6/2021
ZS
Zscaler
Downgrade$298.00 $286.00Neutral ➝ UnderperformN/A
11/30/2021
FANUY
Fanuc
Upgrade$21.00Neutral ➝ OutperformHigh
11/30/2021
ZM
Zoom Video Communications
Upgrade$189.00 $207.00Sell ➝ UnderperformMedium
11/26/2021
SSMXY
Sysmex
Downgrade$64.00Outperform ➝ NeutralMedium
11/25/2021
THYCY
Taiheiyo Cement
Upgrade$5.00Neutral ➝ OutperformLow
11/4/2021
LYFT
Lyft
Upgrade$41.00 $60.00Outperform ➝ BuyN/A
11/4/2021
MTHRF
M3
Downgrade$53.00Outperform ➝ NeutralLow
10/8/2021
MF
Missfresh
Initiated Coverage$4.00NeutralLow
10/8/2021
DDL
Dingdong (Cayman)
Initiated Coverage$16.00BuyLow
9/29/2021
ZS
Zscaler
Initiated Coverage$298.00 $266.00NeutralLow
9/28/2021
NRILY
Nomura Research Institute
Downgrade$42.00Buy ➝ OutperformN/A
9/24/2021
WDAY
Workday
Initiated Coverage$280.00 $320.00BuyLow
9/23/2021
AMGN
Amgen
Downgrade$211.00 $220.00Outperform ➝ NeutralLow
9/21/2021
FRZCF
Frasers Centrepoint Trust
Upgrade$2.00 $2.59BuyN/A
9/21/2021
DIS
Walt Disney
Initiated Coverage$151.00 $225.00BuyHigh
9/17/2021
TISNF
TIS
Downgrade$31.00Outperform ➝ NeutralLow
9/3/2021
KAEPY
Kansai Electric Power
Downgrade$5.00Outperform ➝ NeutralLow
9/3/2021
DAO
Youdao
Upgrade$12.00 $13.50Underperform ➝ NeutralHigh
8/31/2021
DQ
Daqo New Energy
Downgrade$47.00$145.00 ➝ $76.00Buy ➝ OutperformN/A
8/30/2021
TSUKY
Toyo Suisan Kaisha
Upgrade$40.00Neutral ➝ OutperformHigh
8/26/2021
CPNG
Coupang
Upgrade$27.00Outperform ➝ BuyN/A
8/20/2021
BZUN
Baozun
Downgrade$15.00$42.00 ➝ $20.00Buy ➝ NeutralMedium
8/20/2021
KYCCF
Keyence
Upgrade$640.00Neutral ➝ OutperformLow
8/19/2021
AMAT
Applied Materials
Initiated Coverage$157.00 $140.00OutperformMedium
8/17/2021
MIELY
Mitsubishi Electric
Downgrade$26.00Outperform ➝ NeutralHigh
8/16/2021
MHVYF
Mitsubishi Heavy Industries
Downgrade$23.00Buy ➝ NeutralLow
8/12/2021
AXP
American Express
Downgrade$167.00 $180.00Outperform ➝ NeutralMedium
8/12/2021
V
Visa
Downgrade$207.00 $250.00Outperform ➝ NeutralMedium
8/12/2021
MA
Mastercard
Downgrade$340.00 $385.00Outperform ➝ NeutralLow
8/4/2021
XPEV
XPeng
Initiated Coverage$47.00BuyMedium
7/27/2021
EDU
New Oriental Education & Technology Group
Downgrade$2.00Buy ➝ HoldHigh
7/27/2021
TAL
TAL Education Group
Downgrade$5.00$38.00 ➝ $6.90Buy ➝ HoldN/A
7/27/2021
DAO
Youdao
Downgrade$12.00 $10.00Buy ➝ UnderperformHigh
7/21/2021
SNPHY
Santen Pharmaceutical
Upgrade$13.00Underperform ➝ NeutralLow
7/8/2021
NPNYY
Nippon Yusen Kabushiki Kaisha
Upgrade$15.00Neutral ➝ OutperformLow
7/2/2021
ABBV
AbbVie
Initiated Coverage$122.00OutperformLow
7/1/2021
TWLO
Twilio
Initiated Coverage$265.00 $463.00BuyMedium
6/29/2021
OCLCF
Oracle Co. Japan
Downgrade$92.00Outperform ➝ NeutralLow
6/28/2021
AOZOY
Aozora Bank
Upgrade$6.00Neutral ➝ OutperformLow
6/28/2021
BRTHY
Brother Industries
Downgrade$35.00Outperform ➝ NeutralLow
6/24/2021
OKTA
Okta
Initiated Coverage$230.00 $282.00BuyLow
6/22/2021
SMMYY
Sumitomo Metal Mining
Upgrade$10.00Neutral ➝ BuyLow
6/21/2021
SKLKY
Shinsei Bank
Upgrade$3.00Neutral ➝ OutperformLow
6/18/2021
YATRY
Yamato
Upgrade$24.00Neutral ➝ OutperformHigh
6/17/2021
OTSKY
Otsuka
Upgrade$18.00Neutral ➝ OutperformLow
6/11/2021
VRTX
Vertex Pharmaceuticals
Downgrade$205.00 $210.00Outperform ➝ NeutralHigh
6/10/2021
JTTRY
Japan Airport Terminal
Upgrade$23.00Underperform ➝ NeutralMedium
6/9/2021
TOTDY
Toto
Upgrade$48.00Neutral ➝ OutperformLow
6/8/2021
DKILY
Daikin Industries,Ltd.
Downgrade$23.00Outperform ➝ NeutralHigh
6/2/2021
IMAB
I-Mab
Initiated Coverage$51.00BuyHigh
6/2/2021
BIDU
Baidu
Initiated Coverage$150.00 $335.00BuyMedium
6/1/2021
SHZHY
Shenzhou International Group
Downgrade$20.00Buy ➝ OutperformN/A
5/27/2021
ASGLY
AGC
Downgrade$10.00Outperform ➝ NeutralHigh
5/24/2021
V
Visa
Upgrade$207.00 $259.00Neutral ➝ OutperformN/A
5/24/2021
MA
Mastercard
Upgrade$340.00 $402.00Neutral ➝ OutperformN/A
5/21/2021
KYCCF
Keyence
Downgrade$640.00Outperform ➝ NeutralLow
5/20/2021
HUYA
HUYA
Upgrade$8.00Hold ➝ BuyLow
5/18/2021
V
Visa
Upgrade$207.00 $259.00Neutral ➝ OutperformMedium
5/18/2021
MA
Mastercard
Upgrade$340.00 $402.00Neutral ➝ OutperformLow
5/17/2021
LYFT
Lyft
Upgrade$41.00$59.00 ➝ $56.00Neutral ➝ OutperformLow
5/11/2021
PDD
Pinduoduo
Initiated Coverage$63.00 $180.00BuyN/A
5/10/2021
NPEGF
Nippon Electric Glass
Downgrade$25.00Outperform ➝ NeutralLow
5/10/2021
LYFT
Lyft
Upgrade$41.00$59.00 ➝ $56.00Neutral ➝ OutperformMedium
5/6/2021
UOVEY
United Overseas Bank
Upgrade$39.00Hold ➝ OutperformN/A
5/5/2021
PDD
Pinduoduo
Initiated Coverage$63.00 $180.00BuyLow
5/4/2021
CGHLY
China Gas
Upgrade$47.00Hold ➝ OutperformLow
3/31/2021
ZM
Zoom Video Communications
Initiated Coverage$189.00 $250.00SellMedium
3/29/2021
TSGTF
Tsingtao Brewery
Upgrade$8.00Hold ➝ OutperformLow
3/29/2021
DSKIF
Daiseki Co.,Ltd.
Upgrade$46.00Neutral ➝ BuyLow
3/29/2021
DOCU
DocuSign
Initiated Coverage$139.00 $239.00BuyMedium
3/26/2021
MOMO
Momo
Downgrade$10.00Outperform ➝ HoldHigh
3/25/2021
HTHT
Huazhu Group
Upgrade$40.00Outperform ➝ BuyN/A
3/19/2021
AOZOY
Aozora Bank
Downgrade$6.00Outperform ➝ NeutralLow
3/19/2021
TISNF
TIS
Upgrade$31.00Neutral ➝ OutperformLow
3/18/2021
UBER
Uber Technologies
Upgrade$38.00Outperform ➝ BuyN/A
3/17/2021
SCSKF
SCSK
Upgrade$19.00Neutral ➝ OutperformLow
3/15/2021
OTSKY
Otsuka
Downgrade$18.00Outperform ➝ NeutralLow
3/15/2021
XPEV
XPeng
Upgrade$47.00 $34.00Sell ➝ BuyN/A
3/12/2021
UBER
Uber Technologies
Upgrade$38.00 $68.00Outperform ➝ BuyN/A
3/11/2021
NCTKY
Nabtesco
Upgrade$22.00Neutral ➝ OutperformLow
3/11/2021
TISCY
Taisei
Upgrade$7.00Neutral ➝ OutperformHigh
3/11/2021
NIU
Niu Technologies
Initiated Coverage$19.00 $41.50OutperformHigh
3/10/2021
HPE
Hewlett Packard Enterprise
Upgrade$15.00$12.00 ➝ $17.00Neutral ➝ OutperformLow
3/10/2021
ITTOY
ITOCHU Techno-Solutions
Upgrade$16.00Outperform ➝ BuyN/A
3/10/2021
SHMUY
Shimizu
Upgrade$25.00Neutral ➝ OutperformLow
3/9/2021
XPEV
XPeng
Upgrade$47.00 $34.00Sell ➝ BuyHigh
3/8/2021
MS
Morgan Stanley
Upgrade$102.00 $86.00Neutral ➝ OutperformN/A
3/5/2021
NIU
Niu Technologies
Initiated Coverage$19.00 $41.50OutperformHigh
3/5/2021
CAT
Caterpillar
Downgrade$204.00Outperform ➝ NeutralHigh
3/3/2021
GUNGF
GungHo Online Entertainment
Downgrade$25.00Outperform ➝ NeutralLow
3/2/2021
MS
Morgan Stanley
Upgrade$102.00 $86.00Neutral ➝ OutperformMedium
2/26/2021
LI
Li Auto
Upgrade$31.00$33.00 ➝ $34.00Hold ➝ BuyLow
2/26/2021
NTAP
NetApp
Upgrade$91.00 $70.00Neutral ➝ OutperformHigh
2/25/2021
SZKMY
Suzuki Motor
Upgrade$164.00Neutral ➝ OutperformLow
2/23/2021
GDS
GDS
Downgrade$52.00Buy ➝ OutperformN/A
2/18/2021
MUFG
Mitsubishi UFJ Financial Group
Upgrade$6.00Neutral ➝ OutperformMedium
2/18/2021
HMC
Honda Motor
Downgrade$29.00Buy ➝ OutperformN/A
2/18/2021
KYKOF
Kyowa Kirin
Downgrade$29.00Outperform ➝ NeutralLow