0126 GMT - LG Display is set to report weak 2Q results on decreased shipments after clients' preemptive 1Q restocking in response to higher tariffs, Hyundai Motor Securities analyst J.B. Kim writes in a note. The South Korean maker of organic light-emitting diode panels is also likely to suffer from weak seasonal demand in 2Q ahead of clients' releases of new models, Kim says. Still, he forecasts the company to post an annual profit turnaround on solid 2H earnings. He expects LG's shipments of plastic-OLED and white-OLED products to rise 7% and 8%, respectively this year. Hyundai Motor Securities trims the stock's target price to KRW12,000 from KRW12,500 but keeps a buy rating. Shares are 0.2% lower at KRW8,280. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 21:26 ET (01:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.