Hyundai Rotem Stock Drops 16% After Q2 Operating Profit Misses Expectations; Brokers Cut Targets

Multiple South Korean brokerages including Korea Investment & Securities, Samsung Securities, and Shinhan Investment & Securities cut their target prices for Hyundai Rotem on July 28, following disappointing Q2 earnings. The company reported operating profit of 232.4 billion won, down 9.8% year-over-year and roughly 14% below market consensus, despite revenue rising 13.3% to 1.6 trillion won. Korea Investment lowered its 2027 operating profit forecast by 19.7% and cut its target price from 320,000 won to 270,000 won, while Samsung Securities reduced its target from 306,000 won to 250,000 won. The stock tumbled over 16% to close at 132,500 won, marking a 52-week low.
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