Which Korean brokers cut target prices and which held them? One month, ten houses, 281 targets
Across 710 Korean broker reports dated 28 September to 23 October 2026, 281 company reports carried a target. Daishin cut 10 of the 16 it could compare. Yuanta left 27 of 45 unchanged. Hanwha raised 9 of 14.
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.
korean brokerskorean securities researchtarget price changes koreadaishin securitiesyuanta securities koreahankyung consensus
A Korean broker report almost always says Buy (why the Sell has vanished). So the information is in the target price, and in whether the analyst moved it. Here is what each house did with its targets over one month, from the list behind our target-change tape.
The month in one table
The list holds 710 reports dated 28 September to 23 October 2026: 313 on single companies, 183 on industries, 177 on the market and 37 others. Of the 313 company reports, 281 carried a target price. A change can only be counted when the list also gives a prior target: that is 222 reports.
| Broker | Reports | Company reports with a target | With a prior | Cut | Raised | Unchanged |
|---|---|---|---|---|---|---|
| Yuanta | 96 | 52 | 45 | 5 | 13 | 27 |
| Meritz | 92 | 33 | 21 | 7 | 7 | 7 |
| SK | 90 | 39 | 31 | 12 | 6 | 13 |
| IBK | 94 | 11 | 7 | 3 | 1 | 3 |
| Eugene | 74 | 16 | 15 | 5 | 2 | 8 |
| LS | 62 | 40 | 39 | 13 | 11 | 15 |
| Daishin | 47 | 25 | 16 | 10 | 4 | 2 |
| Hanwha | 43 | 18 | 14 | 2 | 9 | 3 |
| iM | 40 | 29 | 26 | 9 | 7 | 10 |
| Sangsangin | 34 | 17 | 8 | 3 | 2 | 3 |
| Korea IR Council | 20 | 1 | 0 | — | — | — |
| Woori Bank | 18 | 0 | 0 | — | — | — |
| Total | 710 | 281 | 222 | 69 | 62 | 91 |
Three different habits
Daishin cut. Of the 16 targets it could compare with a prior, it cut 10, or 63%.
Yuanta held. Of 45, it left 27 unchanged, or 60%, and cut only 5.
Hanwha raised. Of 14, it raised 9, or 64%. Several of Hanwha’s raises start from priors well below other brokers’ targets for the same company (Kia and Hyundai Mobis are two). The list does not date a prior, so a big raise may close a gap that built up over more than one quarter.
The house habits are not a ranking. A broker that covers chemicals in a month when chemicals fell will cut more than one that covers banks. We did not adjust for coverage, and the samples are small: below 20 comparable targets for five of the ten houses that set targets.
Two publishers that do not set targets
Woori Bank published 18 reports, all on foreign exchange. Korea IR Council published 20 company reports and gave a target on one.
Why the denominator matters
“Analysts cut 69 targets” is true. It is 69 of 222 comparable targets, not 69 of 710 reports. Leaving out the reports with no target, or no prior, makes any share look larger than it is.
This counts what brokers published. It is statistics about research, not a judgment of any analyst or company.
Related: Samsung Electronics and SK hynix targets · Hyundai Rotem targets halved · October target cuts across the market. More from the same data: 17 Korean company reports in a month put the exchange rate in their title · Analysts cut target prices on HYBE, YG and JYP in October · 28 Korean companies report Q3 results on 26–30 October.
Data & Verification Notes
- Data as of
- Sources
- Hankyung Consensus (markets.hankyung.com) — Broker report list collected 24 October 2026, 07:23 KST: 710 reports from 12 publishers dated 28 September to 23 October 2026, with report type, date, publisher, rating, target price and prior target price as listed.
- Cross-checks
- 710 reports: 313 company, 183 industry, 177 market, 37 other (economics, foreign exchange, quant, overseas).
- Company reports with a target: 281. Cut 69, raised 62, unchanged 91, no prior target listed 59.
- Daishin: 25 company reports with a target; 16 with a prior; cut 10, raised 4, unchanged 2.
- Yuanta: 52 with a target; 45 with a prior; cut 5, raised 13, unchanged 27. Hanwha: 18 with a target; 14 with a prior; cut 2, raised 9, unchanged 3.
- Excluded figures
- Brokers that are not in the Hankyung Consensus list. Several of Korea's largest houses are absent, so this is not the market.
- Which companies each broker covers. A house that covers falling sectors will cut more; we do not adjust for that.
- Whether any target was right.
- This is not investment advice.
The full dataset behind these figures — every listed company, every row — is available to license. SeoulMarkets data for licence →
Not investment advice. SMarkets publishes data journalism for general information only. Nothing here is investment advice, a recommendation, or an offer to buy or sell any security — any investment you make is at your own risk and responsibility. Figures are derived from official public data sources and may be revised by the issuing agency. Verify independently before acting.
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