0431 GMT - LG Display could post an operating loss in 1Q but remain on course for an earnings rebound in 2H, Daiwa Capital analyst S.K. Kim writes in a note. The South Korean flat-screen maker is likely to return to profitability in 2025 after years of losses, Kim says. The expected turnaround will be led by solid demand for organic light-emitting diode panels for new iPhone models and LG's high market share for premium models that increasingly adopt low-temperature polycrystalline oxide displays, he says. Daiwa cuts its target price for the stock by 22% to KRW11,300 but keeps an outperform rating. Shares are 0.5% lower at KRW9,770. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 23:31 ET (04:31 GMT)
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