LG Electronics India shares can rally another 20%, says JM Financial after initiating coverage with Buy. Check target price
JM Financial has initiated coverage on LG Electronics India with a Buy rating and a target price of Rs 1,630, implying a 20% upside. The brokerage cites LG’s market leadership, strong manufacturing base, collaboration with its Korean parent and robust financials, while noting risks from competition, supplier dependence and royalty hikes.
JM Financial has initiated coverage on LG Electronics India with a Buy rating and a target price of Rs 1,630, implying a 20% upside. The brokerage cites LG’s market leadership, strong manufacturing base, collaboration with its Korean parent and robust financials, while noting risks from competition, supplier dependence and royalty hikes.
