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Komatsu downgraded to Neutral from Buy at Citi
The Fly

Komatsu downgraded to Neutral from Buy at Citi

Citi analyst Graeme McDonald downgraded Komatsu to Neutral from Buy with a price target of 4,000 yen, down from 4,400 yen. The analyst says the company’s fiscal 2024 is likely to mark the earnings cycle peak.

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