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Hyundai Motor Stock Falls 6.60% as NH Securities Cuts Price Target to 760,000 Won on July 24

2026-07-24 01:20:12

Hyundai Motor-7.40%

According to Korea Exchange and NH Investment Securities, Hyundai Motor shares fell 6.60% to 403,500 won on July 24 morning as the brokerage downgraded its price target from 860,000 won to 760,000 won. NH Investment Securities cited uncertainty over the timing of humanoid robot mass production and slower development speed compared to competitors as reasons for the downgrade. The company reported second-quarter operating profit fell 20.8% year-over-year despite record quarterly revenue of 49.2 trillion won, raising concerns over profitability.

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