South Korea's Economic Ties with the U.S.: President Lee Jae Myung's visit to the U.S. resulted in significant announcements, including a record purchase of 103 Boeing airplanes and a commitment of $150 billion for U.S. shipbuilding investments.
Investment Commitment: South Korea plans to invest a total of $350 billion in U.S. projects, aiming to strengthen economic relations and enhance mutual prosperity, particularly in the shipbuilding sector.
Trade Agreements: During the visit, 11 non-binding agreements were signed between U.S. and South Korean companies, alongside Trump's agreement to reduce tariffs on South Korean imports from 25% to 15%.
Industry Developments: The acquisition of a Philadelphia shipyard by Hanwha Group and workforce development initiatives were highlighted as part of efforts to revitalize the U.S. shipbuilding industry and foster collaboration.
Wall Street analysts forecast EWY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast EWY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
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0 Sell
Current: 115.660
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Current: 115.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
