BofA Downgrades Korea Electric Power to Neutral Over Increasing Commodity Costs
ByAinvest
Tuesday, Mar 31, 2026 2:50 pm ET1min read
KEP--
Korea Electric Power (KEP) has been downgraded to Neutral from Buy by Bank of America due to unfavorable leverage to global commodity hikes. The company's increasing cost burden from recent oil and liquefied natural gas price hikes is cited as the reason for the downgrade. Despite this, KEP's stock price rose 3% on Tuesday.
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