04:10 AM EDT, 05/16/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We downgrade KEP from Buy to Hold, following the stock's strong rally to our previous target price. At current levels, we believe the market has largely priced in the earnings recovery that began in 2024 and accelerated into Q1 2025. However, we raise our 12-month target to USD10.50 (from USD9), reflecting a slightly higher target P/BV multiple of 0.37x for 2025 (five-year average: 0.3x). KEP's structural margin improvement, led by elevated nuclear utilization, disciplined cost control, and stable tariff enforcement, supports the higher valuation anchor. We upgrade 2025 earnings per ADS to KRW4,625 (from KRW3,754) and 2026 to KRW5,842 (from KRW4,750) following the strong start to 2025. We believe the earnings trajectory remains constructive into H2 2025, supported by high nuclear uptime, normalized tariffs, and softer LNG spot benchmarks. However, we now see limited scope for further multiple expansion in the near term, particularly with valuation already at the upper end of its post-2020 trading range.