BNK Investment & Securities has set a target price of 8,000 KRW for Nexen Tire, indicating a potential for a 47.6% increase from the previous day’s closing price. The report cites the normalization of the North American distribution network, increased operation rates in Europe, and an easing freight burden as reasons for the positive outlook. However, the target price is a 15.8% decrease from the previous target of 9,500 KRW, reflecting a more conservative evaluation of Nexen Tire’s stock price.
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Auto-posted at: 2025-03-31 09:03:05