Nitori (OTC:NCLTY) Stock Rating Upgraded by Zacks Investment Research

Nitori (OTC:NCLTYGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports. The firm currently has a $11.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 8.37% from the company’s current price.

According to Zacks, “Nitori Holdings Co. Ltd. is engaged in the sale of furniture and interior goods. The Company is involved in the sale of furniture and interior goods, the renovation and sale of used houses, as well as the leasing of real estate through consolidated subsidiaries and affiliates. It is also engaged in the logistics business, the advertising business and the insurance agency business. Nitori Holdings Co. Ltd. is based in Tokyo, Japan. “

Nitori stock opened at $10.15 on Friday. Nitori has a 1 year low of $9.23 and a 1 year high of $21.29. The stock’s 50-day moving average is $10.73.

About Nitori (Get Rating)

Nitori Holdings Co, Ltd., through its subsidiaries, retails furniture and interior products in Japan, China, Taiwan, and the United States. The company also provides non-life and life insurance products; logistics services; and advertising and public relations support services. Nitori Holdings Co, Ltd.

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