Business · Markets · 1 hr ago

Korea Investment Securities cuts d’Alba Global price target but keeps Buy rating

Korea Investment Securities cuts d’Alba Global price target but keeps Buy rating

Korea Investment Securities lowered its target price for d’Alba Global while keeping its Buy rating.

The South Korean cosmetics company reported third-quarter revenue of 155.6 billion won.

The new target is 215,000 won, down 28.3% from the previous 300,000 won.

The stock’s closing price on the previous trading day was 125,600 won.

The firm said sales need to grow steadily and outperform the cosmetics export trend for the share price to rebound.

Its assessment highlights that export performance alone may not be enough to support the stock.

No further company plans or next steps were given.

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Stable sales growth potential needs to be confirmed… target price lowered
via Chosun Ilbo