Shinhan Securities Raises LG Electronics Target Price… "Stock Direction Shifting From 'Home Appliances' to 'Robotics'"

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On the 2nd, Shinhan Investment & Securities maintained its "Buy" rating for LG Electronics and raised its target price by 61% from the previous 180,000 won to 290,000 won, stating that the stock valuation would shift from a focus on existing home appliances and automotive components to new growth engines such as robotics and HVAC. The closing price on the previous trading day was 211,500 won. Oh Kang-ho, an analyst at Shinhan Investment & Securi…

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(Seoul = Yonhap News) Reporter Go Eun-ji = On the 2nd, Shinhan Investment & Securities [066570] stated regarding LG Electronics [066570], "The key axis determining the direction of the stock price is the existing home appliances (HS) and vehicles (VS...