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Brokerages cut Kakao target prices after its plan to split into Kakao AI and Kakao X, citing valuation and AI profitability concerns.
Five out of 11 securities firms, including Hana Securities, Kiwoom Securities, Samsung Securities, Meritz Securities and Daol Investment & Securities, lowered their target prices for Kakao on Monday.
Source：Korea Herald商业 · Source Link
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