The Economic Times

LG Electronics India shares can rally another 20%, says JM Financial after initiating coverage with Buy. Check target price

JM Financial has initiated coverage on LG Electronics India with a Buy rating and a target price of Rs 1,630, implying a 20% upside. The brokerage cites LGs market leadership, strong manufacturing base, collaboration with its Korean parent and robust financials, while noting risks from competition, supplier dependence and royalty hikes.