Morgan Stanley analyst Seyon Park raised the firm’s price target on Coupang to $27 from $26 and keeps an Overweight rating on the shares. The company’s Fair Trade Commission fine has been in focus in recent weeks, but this is now “backward-looking,” the analyst tells investors in a research note. The firm expects Coupang’s Q2 results to reflect an overall favorable operating environment. Operationally, it has “been a rather smooth quarter for eCommerce in Korea,” contends Morgan Stanley.
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