Zacks Investment Research upgraded shares of Topcon Corporation (NASDAQ:TOPCF) from a hold rating to a buy rating in a research note issued to investors on Wednesday. The brokerage currently has $20.00 price target on the stock.

According to Zacks, “Topcon Corporation develops and sells positioning, eye care and smart infrastructure products. Positioning products include GNSS receivers, machine control systems, precision agriculture systems, and IT site management solutions; Eye care products comprise 3D optical coherence tomography systems, retinal cameras, ophthalmic digital image filing systems, auto refractometers/auto kerato-refractometers, slit lamps, computerized tonometers, lens edgers and meters and ophthalmic laser photocoagulators.; infrastructure products consists motorized robotic total stations, imaging stations, mobile mapping systems, 3D laser scanners, data collectors, theodolites, levels/digital levels, self-leveling construction lasers, pipe lasers and asset management systems. Topcon Corporation is headquartered in Tokyo, Japan. “

Topcon Corporation (TOPCF) remained flat at $18.18 on Wednesday. The company has a market capitalization of $1.93 billion and a price-to-earnings ratio of 38.03. Topcon Corporation has a 12-month low of $12.11 and a 12-month high of $19.60. The stock’s 50-day moving average price is $17.84 and its 200 day moving average price is $17.82.

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