Several South Korean securities firms have raised their target share price for LG Electronics. This is mainly attributed to the company's better-than-expected second-quarter results, further confirming the stable profitability of its core business; at the same time, the market also has higher expectations for the growth potential of its new businesses such as robotics and data center cooling solutions. Following LG Electronics' announcement of its preliminary second-quarter results, seven South Korean securities firms released analysis reports, six of which—Hyundai Securities, DB Securities, Samsung Securities, Daool Investment Securities, Yuanta Securities, and Daishin Securities—raised their target share price. Hana Securities maintained its target share price at 260,000 won. The average target share price of these seven institutions rose to 246,400 won, an increase of more than 75,000 won from the previous average. Foreign securities firms such as HSBC and CGSI also raised their target share prices to 280,000 won and 270,000 won, respectively.
