[Market Focus] LS Surges Over 10% as Brokerages Raise Target Prices

Expectations Rise for Benefits from New Government's Energy Policies

LS shares showed strong gains in early trading on July 1. The buying momentum is attributed to growing expectations that the company will benefit from the new government's energy policies, as securities firms have raised their target prices one after another.

As of 9:21 a.m. on this day, LS stock was trading at 217,000 won, up 10.15% from the previous session. The share price opened at 206,500 won and has been climbing further since the market opened.

Jang Jaehyuk, a researcher at Meritz Securities, stated on this day, "There are several large-scale projects planned that will support growth prospects, including the wind power generation project and the West Coast Power Expressway project being promoted by the current government." He added, "From this year, all LS subsidiaries except LS MnM have entered a full-fledged earnings growth phase. In particular, LS Cable & System is expected to see a significant expansion in both scale and profitability starting in the second half of 2026." Based on this outlook, he raised his target price to 220,000 won.

Park Geonyoung, a researcher at KB Securities, also raised his target price to 235,000 won, noting, "Following the launch of the new administration, demand for products from LS's major subsidiaries is expected to increase in the long term due to changes in energy policy."