Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Bernstein has downgraded Samsung SDI Co Ltd. (KS:006400) from Outperform to Market Perform, while maintaining a price target of KRW250.00.
The downgrade comes as Chinese battery manufacturers intensify efforts to capture European market share, primarily at the expense of Korean battery makers like Samsung SDI.
Bernstein cited competitive pressures specifically in Europe, where Chinese companies excluded from the U.S. market are redirecting their focus and resources.
The research firm indicated that while much of this competitive pressure is already reflected in Samsung SDI’s stock price, the Korean battery manufacturer faces a challenging 6-12 month outlook.
In the same research note, Bernstein also downgraded LG Chem to Market Perform, signaling broader concerns about Korean battery makers’ competitive positioning against Chinese rivals.
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