DISCO CORP/ADR (OTCMKTS:DSCSY) Upgraded by Zacks Investment Research to Strong-Buy

Zacks Investment Research upgraded shares of DISCO CORP/ADR (OTCMKTS:DSCSY) from a sell rating to a strong-buy rating in a report released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $42.00 target price on the stock.

According to Zacks, “DISCO Corporation manufactures and sells precision cutting, grinding and polishing machines primarily in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws, as well as products for dicing before grinding process and package singulation. The company also manufactures and sells precision diamond abrasive tools; and offers processing services. DISCO Corporation is headquartered in Tokyo, Japan. “

Several other research firms have also commented on DSCSY. JPMorgan Chase & Co. upgraded shares of DISCO CORP/ADR from an underweight rating to a neutral rating in a research note on Wednesday, April 17th. Goldman Sachs Group upgraded shares of DISCO CORP/ADR from a neutral rating to a buy rating in a research note on Monday, June 10th. Finally, Mizuho lowered shares of DISCO CORP/ADR from a buy rating to an underperform rating in a research note on Friday, June 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $42.00.

OTCMKTS:DSCSY opened at $36.85 on Tuesday. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.40 and a beta of 2.19. DISCO CORP/ADR has a 52 week low of $21.64 and a 52 week high of $39.33. The company has a 50-day moving average price of $33.53.

DISCO CORP/ADR Company Profile

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws, as well as products for dicing before grinding process and package singulation.

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Analyst Recommendations for DISCO CORP/ADR (OTCMKTS:DSCSY)

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