Korean Air's target prices by analysts are on the downward path. Shinhan Investment & Securities said it lowered its trading opinion to "Trading Buy" and lowered the target price to 30,000 won from 37,000 won.
Park Gwang-rae, an analyst from the securities said, "The performance of the cargo sector is expected to see no turnaround in the near term. Zika virus is also expected to have a negative influence on the passenger demand."
"There will be high fluctuation in stock prices until the risk of Hanjin Shipping is resolved," Park said, adding, "High valuation compared to other rival global companies is one of the factors lowering the investment attraction."
"A rally in shares is expected in the second half of 2016 when an export boom is expected," he said.
