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UBS initiates buy rating for HD Hyundai Electric with target of KRW460000
UBS has initiated coverage of HD Hyundai Electric with a Buy rating and a target price of KRW460,000, citing the company's strong position in the high voltage power transformer market. Analysts believe HD Hyundai Electric's focus on this sector will drive significant profit growth, especially as supply constraints persist. Currently trading at a lower valuation than global peers, the company is expected to leverage its market advantages for enhanced financial performance in the near future.
ubs initiates coverage of hd hyundai electric with buy rating and target price
UBS has initiated coverage of HD Hyundai Electric with a buy rating and a target price of KRW 460,000, citing the company's strong position in the high-voltage power transformer market. Analysts believe its specialization leads to superior profitability and a favorable outlook, especially as demand for high-voltage products remains robust. Following a market correction, HD Hyundai Electric's stock is seen as undervalued compared to global peers, with expectations for significant profit growth in 2025.
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