LG Electronics India: Morgan Stanley Initiates Coverage with 'Overweight' Rating and ₹1,864 Price Target

Overview

Global brokerage firm Morgan Stanley has initiated coverage on LG Electronics India Ltd. with an 'Overweight' recommendation and a price target of ₹1,864, suggesting a potential 15% upside. The firm cited industry-leading margins, strong capital efficiency, and expected growth from new manufacturing capacity, higher exports, and the B2B segment. Despite a forecasted 9% earnings drop in FY26 primarily due to the AC segment, Morgan Stanley anticipates a robust 16% earnings CAGR between FY26 and FY28.