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Enter Symbol:
 
Canon, Inc. (CAJ) [hlAlert]

Rating:
Underweight
CAJ
up 28.95 %

Canon, Inc. (CAJ) rated Underweight by HSBC Securities

Posted on: Friday,  Sep 12, 2008  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Canon, Inc. (NYSE: CAJ) on 09/12/2008, when the stock price was $39.50. Since
then, Canon, Inc. has lost 22.46% as of 01/07/2016's recent price of $30.63.
If you would have followed this HSBC Securities's recommendation on CAJ, you would have gained 28.95% of your investment in 2673 days.

Canon Inc. (Canon) is a manufacturer of network digital multifunction devices (MFDs), plain paper copying machines, laser beam printers, inkjet printers, cameras and steppers. Canon?s products are divided into three product groups: business machines, cameras, and optical and other products. The business machines product group is divided into three sub-groups consisting of office imaging products, computer peripherals and business information products. It manufactures and markets digital cameras and film cameras. It also manufactures and markets digital video camcorders, lenses and camera accessories. Canon?s optical and other products mainly include semiconductor production equipment, mirror projection mask aligners for liquid crystal display (LCD) panels, broadcasting equipment, medical equipment, large format printers and electronic components. On March 31, 2008, it acquired a 24.9% stake in Hitachi Displays, Ltd. In September 2008, Canon acquired the NEWCAL Industries business.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/12/2008 8:25 AM Sell
None
39.50
as of 12/24/2008
1 Week up  0.90 %
1 Month down  -5.79 %
3 Months down  -6.90 %
1 YTD up  22.40 %

(*) Stock Price at the time of the recommendation.
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