Doosan Co., Ltd. showed insane movement for an hour

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It hit 670,000 at the market open, dropped to 570,000, and then recovered to 610,000. I wondered if there was a massive wave of forced liquidations, but
it seems the big news was three securities firms lowering their target prices from the previous 200-220 range to 100-120.
For Doosan Co., Ltd., the performance of its own business unit, the Electronic BG, is the most significant, and one only needs to look at the discount rate applied to the market cap of Doosan Enerbility, in which it holds a 30% stake.
Looking at the Q3 conference call, the reason for missing consensus was that Doosan Bobcat's operating profit—which is consolidated into Doosan Enerbility's results—was lower than projected.
However, the performance of the Electronic BG and Doosan Enerbility's core business came in higher than consensus, and Doosan Bobcat's performance has little impact on Doosan Enerbility's stock price.
In terms of Doosan Co., Ltd., the weight of Doosan Bobcat's performance is so negligible that it can be considered non-existent.
The logic used by the securities firms that lowered the target price was that while they raised the next year's performance outlook for the Electronic BG to over 1.2 trillion KRW in operating profit, they lowered the target price because Taiwan's EMC—the No. 1 player in the CCL market—has seen a large recent drop in stock price, leading to a valuation adjustment based on the peer group's declining valuation.
If the stock prices of EMC and other CCL companies rise again, those target prices will be raised again, so this doesn't carry much weight.