BofA upgraded KT Corporation to Buy from Neutral with a price target of KRW 45,000, up from KRW 36,000. The firm’s Buy rating reflects the removal of concerns over corporate governance with a new CEO with relevant background along with what it expects to be earnings improvement via effective cost control in telco and top-line expansion in non-telco.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on KT: