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The latest update is out from Nidec ( (JP:6594) ).
Nidec Corporation has entered into a commitment line agreement with MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation for a total of 600 billion yen. This agreement aims to secure flexible and stable funding, thereby strengthening Nidec’s financial foundation and ensuring operational stability.
The most recent analyst rating on (JP:6594) stock is a Hold with a Yen2246.00 price target. To see the full list of analyst forecasts on Nidec stock, see the JP:6594 Stock Forecast page.
More about Nidec
Nidec Corporation is a global leader in the manufacturing of electric motors and related components, serving various industries with a focus on innovation and quality. The company is headquartered in Japan and is listed on the Tokyo Stock Exchange.
Average Trading Volume: 13,625,154
Technical Sentiment Signal: Sell
Current Market Cap: Yen2225B
For detailed information about 6594 stock, go to TipRanks’ Stock Analysis page.