Mitsubishi Electric: Anticipating Profit Beat And Investor Day Surprise (Upgrade)

2025-04-23 17:30:30 ET

Summary

• I lifted my rating for Mitsubishi Electric Corporation to a Buy; surprises relating to its results and ROE target might act as re-rating catalysts for the stock.
• My view is that MIELF's FY2025 earnings will be better than what the sell-side expects, thanks to the strength of its defense division.
• MIELY is likely to announce positive changes to its cash management approach and financial goals at its IR Day event next month.

I have turned bullish on Mitsubishi Electric Corporation ( MIELY ) ( MIELF ) (6503.T), or "MEC." The earlier December 6, 2024, article highlighted the company's FA ("Factory Automation") unit and its cash distributions....

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