As previously reported, Nomura downgraded Coupang (CPNG) to Neutral from Buy with a price target of $22, down from $30. While the firm initially viewed the data breach incident on November 30 as a temporary drag on its share price, the company now faces increased regulatory oversight in Korea as the country’s FTC has signaled its intent for rigorous administrative measures, the analyst tells investors. Consequently, the firm cut its 2026 EPS view by 95% to 3c, factoring in the consumer compensation package and a potential $900M fine, based on its estimates.
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