0636 GMT - LG Innotek could get another stock-price boost from a new iPhone release due in 2025, as its shares already factored in camera-module shipment increases for iPhone 16 models to hit the shelves later in September, Yuanta Securities Korea analyst Lee An-na writes in a note. Lee expects the South Korea-based Apple supplier's operating profit to rise 18% in 2025 after an estimated 26% gain in 2024. The company's optics solution segment, which makes smartphone camera modules, will likely continue to lead its overall earnings growth, she says. Yuanta initiates coverage of the stock with a buy rating and KRW320,000 target. Shares are 1.2% lower at KRW239,000. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
September 05, 2024 02:36 ET (06:36 GMT)
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