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home / news releases / MIELY - Mitsubishi Electric: Spotlight Is On Guidance Revision And Long-Term Drivers (Rating Downgrade)

MIELY - Mitsubishi Electric: Spotlight Is On Guidance Revision And Long-Term Drivers (Rating Downgrade)

Mitsubishi Electric Corp. ADR

2024-06-21 13:02:06 ET

Summary

  • MIELF's FY 2026 guidance relating to ROE and operating profitability wasn't as good as expected, because of the weakness associated with its factory automation systems business.
  • But Mitsubishi Electric's long-term prospects are still favorable, taking into account the growth targets for its data-related business Serendie, and potential value-creation opportunities pertaining to portfolio restructuring.
  • Mitsubishi Electric's rating is downgraded to a Hold, as the stock is fairly valued based on its updated FY 2026 ROE target.

Elevator Pitch

My rating for Mitsubishi Electric Corporation ( MIELF ) ( MIELY ) [6503:JP] stock is a Hold....

For further details see:

Mitsubishi Electric: Spotlight Is On Guidance Revision And Long-Term Drivers (Rating Downgrade)
Stock Information
Company Name: Mitsubishi Electric Corp. ADR
Stock Symbol: MIELY
Market: OTC
Website: mitsubishielectric.com
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