Canon Inc (ADR) (CAJ) is Downgraded by CLSA to Underperform

Canon Inc (ADR) (CAJ) was Downgraded by CLSA to ” Underperform”. Earlier the firm had a rating of “Buy ” on the company shares. CLSA advised their investors in a research report released on Jul 15, 2016.

Canon Inc (ADR) closed down -0.3 points or -1.04% at $28.55 with 3,71,121 shares getting traded on Wednesday. Post opening the session at $28.7, the shares hit an intraday low of $28.5 and an intraday high of $28.7 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Canon Inc. (Canon) is a manufacturer of office multifunction devices (MFDs) plain paper copying machines laser printers inkjet printers cameras and lithography equipment. The Company operates in three segments: the Office Business Unit the Imaging System Business Unit and the Industry and Others Business Unit. The Office Business Unit includes MFDs laser multifunction printers laser printers digital production printing systems feed printers wide-format printers and document solutions. The Imaging System Business Unit includes interchangeable lens digital cameras digital compact cameras digital camcorders digital cinema cameras interchangeable lenses inkjet printers and large-format inkjet printers among others. The Industry and Others Business Unit includes semiconductor lithography equipment Flat panel display (FPD) lithography equipment ophthalmic equipment vacuum thin-film deposition equipment and organic light emitting diode among others.

Canon Inc (ADR)

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