Eugene Investment & Securities lowered its target price for South Korea's Hyundai Motor (005380.KS) to ₩750,000 from ₩900,000 but maintained its Buy rating. Analyst Lee Jae-il said global demand weakness and production disruptions after a supplier-facility fire caused automotive revenue to contract for two consecutive quarters. Operating profit fell 30.8% year over year to ₩2.51 trillion, or approximately $1.8 billion, in the first quarter and declined 20.8% to ₩2.85 trillion, or approximately $2.1 billion, in the second quarter. A second-half sales recovery is expected from full model changes for the Avante and Tucson and the Grandeur Hybrid launch, although earnings improvement may not become visible until the fourth quarter. Delayed wage negotiations are also contributing to third-quarter strike losses, with Hyundai Motor's labor union announcing a full-scale strike for August 21. Lee said the stock is being driven more by expectations for the company's robotics business than by earnings and identified the August 26 CEO Investor Day, or CID, as a possible catalyst for new-business disclosures and a potential stock-price reversal. The target reduction also reflects falling share prices among global automotive peers.