REAL-TIME GLOBAL RESEARCH
Hyundai Motor (005380.KS): 2Q26 results in-line with GSe; expecting less disruption in margin from 2H26
Research evidence excerpt
Hyundai Motor (005380.KS): 2Q26 results in-line with GSe; expecting less disruption in margin from 2H26
tential represents the upside or downside differential between the current share price and the price target, including all paid or
anticipated dividends, expected during the time horizon associated with the price target. Price targets are required for all covered stocks. The total
return potential, price target and associated time horizon are stated in each report adding or reiterating an Investment List membership.
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Not Rated (NR). The investment rating, target price and earnings estimates (where relevant) are removed pursuant to Goldman Sachs policy when
Goldman Sachs is acting in an advisory capacity in a merger or in a strategic transaction involving this company, when there are legal, regulatory or
policy constraints due to Goldman Sachs’ involvement in a transaction, and in certain other circumstances. Early-Stage Biotech (ES). An investment
rating and a target price are not assigned pursuant to Goldman Sachs policy when this company has neither a drug, treatment or medical device that
has passed a Phase II clinical trial nor a license to distribute a post-Phase II drug, treatment or medical device. Rating Suspended (RS). Goldman Sachs
Research has suspended the investment rating and price target for this stock, because there is not a sufficient fundamental basis for determining an
investment rating or target price. The previous investment rating and target price, if any, are no longer in effect for this stock and should not be relied
upon. Coverage Suspended (CS).
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