YG Entertainment Target Cut to 76,000 Won as Q3 Momentum Draws Focus

Hana Securities said on the 11th that it lowered its target price for YG Entertainment from 80,000 won to 76,000 won, reflecting a derating trend, or a decline in valuation. The revision reflects recent pressure on the company’s valuation. However, the brokerage noted that momentum from a BigBang tour in the second half and a rookie debut could make the stock worth watching from the third quarter. While the target price was reduced, upcoming second-half events were cited as factors that may affect investor sentiment. Source: mk.co.kr