Keefe, Bruyette & Woods Initiates Coverage on Nidec Co. (NYSE:NJ)

Keefe, Bruyette & Woods started coverage on shares of Nidec Co. (NYSE:NJ) in a report issued on Thursday, September 14th. The brokerage issued an outperform rating and a $14.00 price target on the industrial goods maker’s stock.

Separately, DA Davidson reissued a neutral rating and issued a $18.00 target price on shares of Nidec in a research report on Friday, September 1st.

Nidec (NYSE:NJ) opened at 18.11 on Thursday. Nidec has a 1-year low of $14.72 and a 1-year high of $22.89. The stock has a 50 day moving average of $17.46 and a 200-day moving average of $17.79.

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Nidec Company Profile

Nidec Corporation is engaged in manufacturing of electric motors and related components and equipment. The Company focuses on providing brushless direct current (DC) motors for the information technology (IT) industry. The Company operates through nine segments: Nidec Corporation, Nidec Electronics (Thailand), Nidec Singapore, Nidec (H.K.), Nidec Sankyo, Nidec Copal, Nidec Techno Motor, Nidec Motor, and Nidec Motors & Actuators.

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