The rise-report from securities firms has disappeared, 2ahead of quarterly earnings
After the KOSPI hit a record high, securities firms have been increasing the share of reports that lower target prices, while upward outlook reports have shrunk sharply, according to reports. 2With the quarterly earnings season just getting underway, target price adjustments are continuing.
It was reported that securities firms are increasing reports that cut target prices after the KOSPI hit a record high. As changes to target prices, which serve as a benchmark for investment decisions, become more frequent, the possibility of additional adjustments in line with the earnings season is growing.
According to reports, reports with an upward outlook have almost disappeared, and the share of reports that lower target prices has surged. Securities firms are revising existing assumptions more conservatively.
By sector, target price cuts stood out in areas other than semiconductors. Specifically, 2it was reported that many reports had target prices downgraded in the secondary battery and entertainment sectors.
It is currently 2the early stage of the quarterly earnings season. It was reported that securities firms are in a phase of checking earnings and guidance and recalculating target prices.
It was repeatedly mentioned that, after the KOSPI passed its previous high, the tone of securities firm reports turned more cautious. It was reported that some securities firms are adjusting coverage or changing their views.
The report advised investors to check earnings releases and report disclosures. It was reported that cases of revisions to securities firms' target prices are often disclosed at the same time as earnings announcements.
Sources: 매일경제 증권
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