BofA downgraded KT Corp. (KT) to Neutral from Buy with a price target of $23.08, down from $24.48, post the Q1 report. The firm cites the company’s slower earnings growth in 2026 for the downgrade. KT is seeing higher marketing costs and slower wireless revenue growth, the analyst tells investors in a research note. BofA sees limited share upside from current levels.
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