South Korean Media Stocks Rated New ‘In-Line’ at Morgan Stanley
South Korean media stocks were rated “in-line” in new coverage at Morgan Stanley, which said recent announcements on deregulation should benefit advertising agencies while television broadcasting faces rising competition.
The brokerage initiated Cheil Worldwide Inc. and CJ CGV Co. with “overweight” ratings, according to a report by Shawn Kim and Hyun Taek Lee.
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