Tonernews.com, June 5, 2012. USA
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JPMorgan Chase Downgrades Canon Inc To “Underweight” Rating
Canon ADR was downgraded by analysts at JPMorgan Chase from an “overweight” rating to an “underweight” rating in a research report issued to clients and investors on Friday.
Several other analysts have also recently commented on the stock. Shares of Canon ADR opened at 37.94 on Friday. Canon ADR has a 52 week low of $37.86 and a 52 week high of $50.00. The company has a market cap of $45.035 billion and a P/E ratio of 14.03.
Canon Inc. (Canon), is a manufacturer of network digital multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and steppers.
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