Meritz Securities Raises Samsung Electronics Target Price to 500,000 Won on Q2 Earnings Beat

According to Meritz Securities on July 6, the South Korean brokerage raised its Samsung Electronics target price from 420,000 won to 500,000 won, citing stronger-than-expected second-quarter operating profit. The firm estimates Samsung's Q2 operating profit at 90.1 trillion won, significantly exceeding other brokerages' forecasts of 75 trillion to 84 trillion won. The upgrade reflects confidence the company will deliver strong results even after accounting for 19.3 trillion won in special performance bonuses.
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