|Over a quarter ago|
Korea Electric Power initiated with a Sell at Goldman Sachs » 06:5112/0212/02/19
Goldman Sachs analyst…
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.
Korea Electric Power downgraded to Neutral from Buy at BofA/Merrill » 07:1211/2911/29/19
BofA/Merrill analyst Jay…
BofA/Merrill analyst Jay Yoo downgraded Korea Electric Power to Neutral from Buy with a price target of KRW 28,000, down from KRW 34,000. The analyst sees additional costs for the company from the upcoming winter season coal plant utilization cut by the government with no plan for cost recovery. This could drag down consensus estimates for Q4 and Q1, Yoo tells investors in a research note.
Korea Electric Power upgraded to Overweight from Neutral at JPMorgan 09:3211/0511/05/19
Korea Electric Power downgraded to Underperform from Neutral at Macquarie 09:3409/0309/03/19