Eugene Investment & Securities has reduced its target price for CJ CheilJedang by 4% to KRW 308,000, but maintains a ‘buy’ recommendation. The company’s Q1 results were below expectations, with sales of KRW 7.2 trillion and operating profit of KRW 332.3 billion. The impact of a sales gap caused by distribution lag from a previously disrupted U.S. pie facility is expected to continue through H1.
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Auto-posted at: 2025-05-14 09:01:51