1001 GMT - HYBE's weak 4Q results are a nonevent to Citi analyst Heejin Lim. Much of the drag came from the higher costs from the South Korean entertainment company's new Latin boy group, she says in a note. An impairment cost related to a U.S. subsidiary also weighed. She expects HYBE's results this year to benefit from global revenue from boy band BTS's new album and concert tour, and intellectual-property growth of newer pop groups Cortis and Katseye. The company's renewal of its shareholder-return policy also provides better visibility on its cash allocation, she adds. Citi raises its 2026-2027 net profit forecasts by 1%-3%. It upgrades the stock to buy from neutral and increases its target price to KRW440,000 from KRW339,000. Shares close 2.5% higher at KRW390,000. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 13, 2026 05:01 ET (10:01 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.