South Korean Brokerages Raise Stock Targets for KT&G, Hanwha Aerospace, and Korean Air

According to reports from major Korean brokerages released on July 15, three companies received upgraded stock price targets. Hana Securities raised KT&G's target price to 210,000 Korean won (up 16.7%), citing strong domestic tobacco demand and favorable currency effects. Korea Investment & Securities maintained Hanwha Aerospace's target at 2 million won, anticipating earnings acceleration in the second half from overseas defense contracts in Poland, Egypt, and Australia. KB Securities lifted Korean Air's target to 40,000 won (up 11.1%), raising operating profit guidance to 1.73 trillion won, driven by robust air cargo demand linked to accelerating AI infrastructure investments.
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