LG Electronics Plunges 10%, But… DB Securities: “Drop Excessive, Target Price Raised to 265,000 Won”

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Although LG Electronics' stock price plummeted 10% following the announcement of its preliminary third-quarter results, analysts suggest the decline is excessive. This is because, while consolidated earnings fell significantly short of market expectations, LG Electronics' standalone performance—excluding LG Innotek—generally met existing forecasts. Consequently, DB Securities actually raised its target price. On the 8th, DB Securities analyst Ch…