Posco's stock price plummeted 5.11% during intraday trading on Thursday, reflecting significant selling pressure.
The sharp decline came after Morgan Stanley downgraded Posco from Overweight to Equal Weight, although the firm raised its price target from KRW 360,000 to KRW 380,000. Analyst downgrades often trigger negative market sentiment as investors reassess their positions based on revised recommendations from major financial institutions.
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