Horiba Ltd (NASDAQ:HRIBF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday. They presently have a $72.00 price target on the stock. Zacks Investment Research‘s price target suggests a potential upside of 11.63% 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 (HRIBF) opened at 64.50 on Tuesday. The firm has a market cap of $2.72 billion and a price-to-earnings ratio of 19.52. Horiba has a 1-year low of $37.70 and a 1-year high of $45.93.

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