Nifco (OTCMKTS:NIFCY) Coverage Initiated at JPMorgan Chase & Co.
Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of Nifco (OTCMKTS:NIFCY) in a note issued to investors on Friday, The Fly reports. The brokerage set an “overweight” rating on the stock.
Separately, Mizuho raised shares of Nifco from a “neutral” rating to a “buy” rating in a report on Wednesday, September 2nd.
Nifco stock opened at $13.70 on Friday. Nifco has a 12-month low of $12.16 and a 12-month high of $13.70.
Nifco Inc manufactures and sells industrial plastic parts and components in Japan, rest of Asia, North America, and Europe. It offers automotive parts and components for use in fuel, engine, exterior, interiors and electrical components. The company also offers household equipment, such as drawer closers, push latches, earthquake-proof latches, and door dampers; consumer electronics/office automation products that include dampers, free-stop hinges, magnet latches, and push latches; and fashion/sport products, such as side release buckles, cord locks, and other buckles.
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