JPMorgan Chase & Co. Upgrades DISCO CORP/ADR (OTCMKTS:DSCSY) to Overweight

DISCO CORP/ADR (OTCMKTS:DSCSY) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Thursday, The Fly reports.

A number of other equities analysts have also commented on DSCSY. Goldman Sachs Group lowered DISCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Friday, January 24th. Mizuho upgraded DISCO CORP/ADR from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Zacks Investment Research upgraded DISCO CORP/ADR from a “sell” rating to a “hold” rating and set a $57.00 price objective on the stock in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $57.00.

Shares of DISCO CORP/ADR stock opened at $48.30 on Thursday. The stock has a 50 day moving average of $48.33 and a 200 day moving average of $42.43. DISCO CORP/ADR has a 12 month low of $25.59 and a 12 month high of $51.45. The firm has a market cap of $9.01 billion, a PE ratio of 38.28, a PEG ratio of 1.86 and a beta of 2.19.

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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