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Enter Symbol:
Rating: CAJ
Neutral

Canon, Inc. (NYSE: CAJ) rated to Neutral by Citigroup

Thursday,  Dec 19, 2013  9:25 AM ET by Lynn Gilbert

Citigroup rated
Canon, Inc. (NYSE: CAJ) to Neutral.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.



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