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Daishin cuts LG Innotek target price 29% as currency hits profits

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  • Daishin Securities cut LG Innotek’s target price while retaining its Buy rating.
  • 149.6 billion won is the forecast third-quarter operating profit, 39.1% below the previous quarter.
  • LG Innotek’s semiconductor-substrate and iPhone growth outlook remains intact beyond this year.
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