0232 GMT - South Korean telecom giant KT may have most of its near-term positives reflected in its valuation, Nomura analysts Angela Hong and Won Kang write in a note. KT's 62% share-price rally for the past two years, outperforming benchmark Kospi's 4% gain for the same period, shows it has delivered on its structural reforms agenda through labor restructuring, monetizing real estate assets and streamlining its business portfolio, they say. Nomura downgrades its rating on the stock to neutral from buy, while raising its target price by 5.7% to KRW56,000 to factor in the company's continued earnings momentum and improved operational efficiency. Shares are flat a tKRW51,500. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
May 11, 2025 22:32 ET (02:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.