Bank of America has initiated coverage on LIG Defense & Aerospace (formerly LIG Nex1), setting a target price of 1.3 million won per share, signaling strong confidence in the South Korean defense contractor's growth prospects.
The coverage launch comes as LIG Defense & Aerospace expands its portfolio beyond traditional defense systems into aerospace and advanced technologies. Analysts highlight the company's strategic pivot and robust order backlog as key investment points.
Local securities firms are also adjusting their target prices upward, reflecting optimism about the defense sector amid heightened global geopolitical tensions. The stock has drawn attention from both institutional and retail investors.
LIG Defense & Aerospace recently changed its corporate name to better reflect its expanded business scope, which now includes missile systems, radar systems, and unmanned aerial vehicles.