Asahi Kasei Corp (NASDAQ:AHKSY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday. The brokerage presently has a $29.00 price target on the stock. Zacks Investment Research‘s target price indicates a potential upside of 16.98% from the company’s previous close.

According to Zacks, “ASAHI KASEI CORPORATION, provides innovative solutions based in chemistry and materials science to a diverse range of markets including fibers, chemicals, consumer products, housing, construction, electronics, and health care. On October 1, 2003, all core operations were transferred to wholly owned constituent corporations as autonomous operating business units. Asahi Kasei Corporation, as the parent company, functions as a holding company for group operations. An Independent Businesses Group not included in the constituent corporations provides group services. “

Asahi Kasei Corp (NASDAQ:AHKSY) traded up 0.48% during mid-day trading on Wednesday, reaching $24.91. The company’s stock had a trading volume of 7,671 shares. Asahi Kasei Corp has a 1-year low of $15.65 and a 1-year high of $25.37.

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