Morgan Stanley upgrades LG Electronics' rating and significantly raises the company's target price.

Morgan Stanley upgraded LG Electronics' rating from Hold to Overweight, stating that the company and its subsidiary LG Innotek have significant advantages in the next phase of the AI market. Following this news, LG Electronics' stock price rose 8.6%. Note: The stock goes ex-dividend on Wednesday. Morgan Stanley significantly raised the target price for the stock from 95,000 KRW to 260,000 KRW. LG Innotek's stock price increased by as much as 7.1%. Morgan Stanley also upgraded LG Innotek's rating from Hold to Overweight, raising the target price from 265,000 KRW to 640,000 KRW. In a research report, Morgan Stanley analysts stated, "We believe that the beneficiaries of the next phase of the AI market will expand from semiconductors to smart hardware," and that the two mentioned companies are well positioned in this area. For LG Display, Morgan Stanley maintained a Hold rating, lowering the target price from 16,800 KRW to 10,000 KRW.