Zacks Investment Research cut shares of Nippon Paint (OTCMKTS:NPCPF) from a strong-buy rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “Nippon Paint Holdings Co. Ltd. manufactures and sells paints and coatings primarily in Japan, Asia, North America, Europe and internationally. It offers automotive coatings, industrial coatings, trade-use paints as well as marine coatings. Nippon Paint Holdings Co. Ltd. is headquartered in Osaka, Japan. “

Shares of NPCPF stock opened at $38.94 on Wednesday. Nippon Paint has a 1 year low of $31.00 and a 1 year high of $40.65.

Nippon Paint Company Profile

Nippon Paint Holdings Co, Ltd. operates as a holding company. It engages in the management and strategies of its group companies that engage in the manufacture and sale of paints and fine chemicals. It offers automotive coatings, trade-use paints, industrial-use coatings, and other paints. It also provides surface treatments and fine chemical products.

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