Jefferies initiates buy on LG Electronics shares with Rs 1,980 target price
Stating that LG Electronics India shares trade 10–15% below the PE multiples commanded by Blue Star and Havells, global brokerage firm Jefferies has initiated coverage with a Buy rating and a target price of Rs 1,980, indicating a potential 21% upside from current levels. The brokerage’s bullish stance is backed by LGEL’s dominant leadership in…