Shinhan Raises LG Electronics Target Price 61% to 290,000 Won on AI, Robotics

Shinhan Investment Securities raised its target price for LG Electronics by 61%, from 180,000 to 290,000 won (about $213), citing growth in AI-driven cooling and robotics. LG booked roughly 600 billion won in data-center cooling orders in the first half and is listed as an Nvidia partner for network power and cooling.

• Target price lifted 61% from 180,000 to 290,000 won (about $213)
• LG's H1 data-center cooling orders reached roughly 600 billion won
• LG is building a 32,000 sq m chiller plant in Windsor, Virginia, starting H1
• ES division revenue and operating profit seen up 17% and 39% next year