Several South Korean brokers raised LG Electronics' target prices after the
The company’s preliminary Q2 results beat expectations, citing stable core
profitability and higher growth hopes for robotics and data-center cooling
solutions. Six domestic firms — Hyundai Securities, DB Securities, Samsung
Securities, Daol Investment & Securities, Yuanta and Daishin — raised targets in
analyst notes; Hana Securities left its target at 260,000 won. The mean target
across the seven firms rose to 246,400 won, more than 75,000 won above the prior
mean. Foreign houses HSBC and CGSI lifted targets to 280,000 won and 270,000 won
respectively.
