Business · Markets · 3 hrs ago
Hyundai Motor shares rise despite analysts lowering price targets
Hyundai Motor shares rose in South Korea on Oct.
12.
At 9:20 a.m., they were up 2.93% at 334,000 won.
The gain came despite analysts lowering their price targets for the company.
They expect Hyundai Motor's third-quarter results to fall short of market expectations.
They cited the effects of a strike and currency movements.
Hyundai Motor Securities cut its target from 630,000 won to 500,000 won, while KB Securities lowered its target from 720,000 won to 700,000 won.
The information provided does not say what analysts or the company expect next.
Hyundai Motor shares rose 2.93% in morning trading on 12 October despite analysts cutting their price targets.
At 9:20 a.m., the shares were trading at 334,000 won, up 9,500 won from the previous trading day.
Analysts expect the company’s third-quarter results to fall short of market expectations.
They cited the effects of a strike and exchange rates.
Hyundai Motor Securities cut its target to 500,000 won from 630,000 won, while KB Securities lowered its target to 700,000 won from 720,000 won.
- Who
- Hyundai Motor and analysts at Hyundai Motor Securities and KB Securities.
- What
- Hyundai Motor shares rose while analysts lowered their price targets.
- When
- 12 October 2026; the shares were up at 9:20 a.m.
- Where
- The securities market in South Korea.
- Why
- Analysts cited the expected impact of a strike and exchange rates on third-quarter results. The reason for the share rise is not stated.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Share price
- 334,000 won at 9:20 a.m. on 12 October
- Daily change
- Up 9,500 won, or 2.93%, from the previous trading day
- Hyundai Motor Securities target
- Cut from 630,000 won to 500,000 won
- KB Securities target
- Cut from 720,000 won to 700,000 won
- Analysts' outlook
- Third-quarter results expected to fall short of market expectations due to strike and exchange-rate effects
Sources
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