JPMorgan Chase & Co. Downgrades MITSUBISHI ELEC/ADR (MIELY) to Underweight

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MITSUBISHI ELEC/ADR (OTCMKTS:MIELY) was downgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Shares of MIELY stock opened at $25.26 on Tuesday. MITSUBISHI ELEC/ADR has a 52 week low of $20.96 and a 52 week high of $37.49.

About MITSUBISHI ELEC/ADR

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch control and display devices, surveillance-system control and security systems, transmission and distribution systems, locomotive and rolling stock electrical equipment, elevators, escalators, building security and management systems, and others.

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