Daishin Securities lowers LG Display target price to 12,000 KRW, maintains Buy rating

Kangho Park of Daishin Securities stated that LG Display may face profit pressure due to the strengthening of the Korean won and rising input costs. The analyst lowered the operating profit forecast for this Korean flat panel display manufacturer by about 25% for 2026 and 11% for 2027. Kangho pointed out that since the end of June, the US dollar has depreciated nearly 13% against the Korean won, dragging down the company's profitability. He said that rising semiconductor and other raw material prices have pushed up the prices of information technology equipment, suppressing demand. However, he expects the company's profitability will gradually improve as shipments of organic light-emitting diode panels may increase. Daishin Securities lowered the target price for the stock from 17,000 won to 12,000 won, maintaining a buy rating. The stock fell 0.8%, closing at 8,400 won.