LG Innotek's Stock Price Appears to Fairly Reflect iPhone Sales Recovery -- Market Talk

Dow Jones07-03

0205 GMT - LG Innotek's stock price appears to fairly reflect an expected 2H recovery in iPhone sales, Nomura analysts Eon Hwang and Heesoo Min write in a note. The South Korea-based Apple supplier's shares have risen 31% over the past three months, outperforming the benchmark Kospi's 2.7% gain for the same period, they say. The company's operating profit could jump 28% to KRW1.1 trillion in 2024 on increased shipments of its folded-zoom cameras for iPhones before being relatively flat in 2025 and 2026, they note. Nomura raises its target for LG Innotek by 16% to KRW285,000 but downgrades the stock to neutral from buy. Shares are 0.7% lower at KRW267,000. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

July 02, 2024 22:05 ET (02:05 GMT)

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The South Korea-based Apple supplier's ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"M14.SI","symbol_name":"英诺特","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2448143631","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2448143631","pubTimestamp":1719972300,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0205 GMT - LG Innotek's stock price appears to fairly reflect an expected 2H recovery in iPhone sales, Nomura analysts Eon Hwang and Heesoo Min write in a note. 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