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Fly News Breaks for December 2, 2019
KEP
Dec 2, 2019 | 06:51 EDT
Goldman Sachs analyst Jaewon Choi initiated coverage of Korea Electric Power with a Sell rating and KRW 22,000 price target. The key challenge for the company, the only electricity distributor in Korea, will be to effectively raise tariff to prevent financial deterioration and justify valuations, Choi tells investors in a research note. The analyst, however, sees "significant headwinds" for Korea Electric Power and believes the stock's recent outperformance is overdone.
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