Fanuc Corp. (OTCMKTS:FANUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $19.00 price target on the stock. Zacks Investment Research’s target price would indicate a potential upside of 10.69% from the stock’s current price.

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. “

Shares of Fanuc Corp. (OTCMKTS:FANUY) traded down 0.694% during trading on Wednesday, reaching $17.165. 81,657 shares of the company were exchanged. The stock has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00. Fanuc Corp. has a one year low of $12.93 and a one year high of $19.00.

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