Two brokers halved their Hyundai Rotem target prices in two weeks. Neither stopped saying Buy
Eight Korean broker reports on Hyundai Rotem appeared between 7 and 21 October 2026. Yuanta cut its target from 300,000 to 150,000 won, LS from 330,000 to 155,000. All rated it Buy; targets now run from 150,000 to 200,000.
AI-assisted, human-reviewed sourcing. Figures are pulled programmatically from the official sources listed at the end of this article and checked by an editor before publication.
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Hyundai Rotem, the maker of the K2 tank and Korean high-speed trains, was one of the most-written-about stocks in Korean broker research this month. It drew eight reports in the two weeks to 21 October, five of them on a single day, 20 October, when brokers reviewed its third quarter.
Every report, in order
| Date | Broker | Prior target (won) | New target (won) | Change | Rating |
|---|---|---|---|---|---|
| 7 Oct | Yuanta | 300,000 | 150,000 | −50% | Buy |
| 15 Oct | Daishin | 280,000 | 200,000 | −29% | Buy |
| 20 Oct | Yuanta | 150,000 | 150,000 | 0% | Buy |
| 20 Oct | SK | — | 180,000 | Buy | |
| 20 Oct | iM | — | 190,000 | Buy | |
| 20 Oct | Sangsangin | — | 170,000 | Buy | |
| 20 Oct | Daishin | 200,000 | 160,000 | −20% | Buy |
| 21 Oct | LS | 330,000 | 155,000 | −53% | Buy |
Daishin cut twice inside a week, from 280,000 to 200,000 and then to 160,000. Two brokers took their targets to about half of where they had been.
Where the targets landed
Before October, the prior targets listed ran from 280,000 to 330,000 won. The eight October targets run from 150,000 to 200,000 won. The highest new target is below the lowest old one.
What the headlines said
The report titles on 20 October read like a debate. iM’s was headed “낙폭 과대 구간”, a zone where the fall has been overdone. Daishin’s was “신규 수주가 필요한 상황”, it needs new orders. Sangsangin’s was “신규 수주를 고대하며”, waiting for new orders. LS, the next day, wrote that it was time to weigh “expectation over worry”.
None of the eight changed the rating. As in our wider count of a month of Korean research, the Buy stays and the target price carries the opinion (analysts cut more targets than they raised in October).
Data & Verification Notes
- Data as of
- Sources
- Hankyung Consensus (markets.hankyung.com) — Broker report list for 23 September–24 October 2026 (710 reports, 12 publishers): date, publisher, rating, title, target price and prior target price as listed. Collected 24 October 2026, 07:23 KST.
- Cross-checks
- 7 Oct Yuanta 300,000→150,000; 15 Oct Daishin 280,000→200,000; 20 Oct Yuanta 150,000 (unchanged); 20 Oct SK 180,000 (no prior listed); 20 Oct iM 190,000 (no prior); 20 Oct Sangsangin 170,000 (no prior); 20 Oct Daishin 200,000→160,000; 21 Oct LS 330,000→155,000.
- All eight ratings: Buy (매수).
- Excluded figures
- Hyundai Rotem's share price and its third-quarter figures: we report what the analysts published, not the market.
- Whether any target change reflects a stock split or capital change: the list does not say, and we found none announced.
- This is not investment advice.
- Instruments
- 064350
The full dataset behind these figures — every listed company, every row — is available to license. SeoulMarkets data for licence →
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