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HD Hyundai Electric Cuts Target Prices Up to 33% Despite Q2 Beat, Maintains Buy Ratings on July 29

2026-07-29 00:21:28

HD Hyundai Electric-16.87%

According to South Korean securities firms, HD Hyundai Electric's target prices were downgraded across the board on July 29, despite analysts rating the company's second-quarter results positively. Shinhan Investment & Securities cut its target price from 1.5 million Korean won to 1 million won, a 33.3% reduction, while Samsung Securities lowered its target from 1.53 million won to 1.16 million won, a 24.2% cut. All major brokerages maintained buy ratings, attributing the downgrades to declining valuations across the broader sector.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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In-Depth Analysis

Mirae Asset Securities Lowers Samsung Electronics Target to 370,000 Won

Lucas Bennett8h ago

Samsung Electronics and SK Hynix Stocks Drop Over 8% on US Chip Weakness

Lucas Bennett07-28 05:57

Hyundai Rotem Stocks Face Target Price Cuts After Q2 Earnings Miss

Lucas Bennett07-27 22:32

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