1107 GMT - Japanese toilet maker Toto is among the latest stocks to pop on AI-fueled optimism. Shares notch their best day in nearly five years after gaining a new bull in Goldman Sachs. The investment bank sees the company's business of making electrostatic chucks, used in NAND chip-making, benefiting from the global AI infrastructure buildout that is spurring memory demand. Analysts Sachiko Okada and Sayako Tominaga upgrade Toto to buy from neutral, expecting "significant profit growth" in the new domain business segment that accounts for 55% of operating profit. The industry's "tight supply/demand environment" is another driver, they add in a note. Goldman raises the target price to Y6,100 from Y4,800. Toto shares end at Y5,157, rising 9.7% for their biggest one-day percentage gain since February 2021. (farah.elias@wsj.com)
(END) Dow Jones Newswires
January 22, 2026 06:07 ET (11:07 GMT)
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