LG Energy Solution Q2 Operating Profit Expected to Beat Forecast at 246B KRW; Target Price Cut to 550K

According to Shinhan Investment & Securities, LG Energy Solution's second quarter operating profit is expected to reach 246 billion KRW, beating market consensus of 203.4 billion KRW. Analyst Lee Jin-myung maintained a buy rating while lowering the company's target price from 600,000 KRW to 550,000 KRW to reflect revised earnings estimates. The analyst expects the second half to see material ESS order growth and EV battery margin improvement, with ESS sales projected up 46% in H2 versus H1.
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