0250 GMT - Samsung SDI's earnings could be hit by weaker-than-expected shipments of electric-vehicle batteries in 2025, Nomura analyst Cindy Park writes in a note. The South Korean battery maker's overall shipments and average selling prices for its products are projected to decline 17% and 4%, respectively, this year due to order cancellations by some customers and lower metal prices, Park says. She cuts her full-year net profit forecast by 52% and expects the company's EPS to fall 54%. Nomura lowers its target price for the stock by 21% to KRW190,000 and keeps a neutral rating. Shares are 4.5% higher at KRW175,600. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
April 09, 2025 22:50 ET (02:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.