(Bloomberg) -- LG Household & Health Care Ltd., a South Korean maker of cleaning and personal-hygiene products, rose to the highest in more than three months in Seoul trading as Goldman, Sachs & Co. advised investors to buy the stock.
LG Household & Health Care shares gained 4.5 percent to 174,000 won as of 10:43 a.m. on the Korea Exchange, set for the highest close since Jan. 2. The benchmark Kospi stock index rose 0.3 percent.
Goldman Sachs raised its recommendation to “buy” from “neutral” and lifted its 12-month share-price estimate by 11 percent to 200,000 won in a report today. Net income will be 146 billion won ($108 million) in 2009, compared with Goldman Sachs’s earlier estimate of 141 billion won, the brokerage said.
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Wednesday, April 22, 2009
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