Analyst: Mitsubishi Electric is expected to target opportunities related to data centers.

Jefferies analysts stated in a report that Mitsubishi Electric's new mid-term business strategy is expected to include opportunities from data centers for utilities, factory automation, air conditioning, and optical equipment. The Japanese company is expected to announce its plans later this week. The company's stock price has risen by 43% so far this year, partially driven by expectations for future overseas defense projects. These analysts indicate, however, that the market has not fully factored in the potential growth in profits from its infrastructure-related projects and factory automation business. Jefferies maintains a buy rating on the stock and has raised its target price from 6,800 yen to 7,700 yen.