Nidec Shares Tumble Toward 11-Month Low as UBS Cuts Rating
Shares of troubled Japanese motor maker Nidec Corp. fell as much as 9.3%, approaching an 11-month low set earlier this month after UBS downgraded the stock to neutral and cut...
By Eijiro Ueno · Bloomberg
Shares of troubled Japanese motor maker Nidec Corp. fell as much as 9.3%, approaching an 11-month low set earlier this month after UBS downgraded the stock to neutral and cut its targe price, citing tougher market conditions.