06:05 AM EDT, 05/06/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 3-STARS (Hold) rating on Canon, but lower our target price to USD35 (from USD34), based on 15x 2025 P/E (from 16x), aligning with its five-year average of 15.4x. Our EPS forecasts are adjusted to JPY332 (from JPY320) in 2025 and to JPY338 (from JPY337) in 2026, reflecting steady 3%/1% revenue growth and operating margin improvement to 12% (2024: 10.2%) from structural reforms (JPY32 billion impact in 2025) and product mix optimization. Near-term risks from U.S. tariffs (JPY56 billion cost impact per Canon's guidance) and moderating printer demand post-2024 inventory normalization justify a more cautious valuation, in our view. Still, we see near-term positives including Imaging strength (Q1 network camera sales +30%, EOS R5 Mark II momentum) and Industrial resilience in semiconductor lithography (+10% unit sales in Q1). Overall, we stay neutral with Canon's net cash position and JPY100 billion buyback plan underpins shareholder returns (2025 DPS: JPY160, more than 4% yield).