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Rating: CAJ
Neutral

Canon, Inc. (NYSE: CAJ) upgraded to Neutral by JP Morgan

Thursday,  Jan 7, 2016  12:25 PM ET by Dave Ficere

JP Morgan upgraded Canon, Inc. (NYSE: CAJ) to Neutral.
Previously JP Morgan rated Underweight Canon, Inc. (NYSE: CAJ) on 12/03/2013, when the stock price was $32.49.

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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.



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