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SK Hynix Target Price Raised to 2.8 Million Won as KB Cites Earnings Outlook

Published: · Source: mk.co.kr

SK Hynix Target Price Raised to 2.8 Million Won as KB Cites Earnings Outlook
TL;DR: KB Securities said on the 12th that SK Hynix’s earnings forecast upgrades are outpacing its share price rise, keeping a Buy rating and lifting the target to 2.8 million won.
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KB Securities on the 12th maintained its Buy rating on SK Hynix and raised its target price from 2 million won to 2.8 million won. The firm said earnings forecasts are being revised upward quickly, and that the pace of those upgrades is ahead of the stock’s price gains. The adjustment reflects its view that SK Hynix’s earnings expectations have not yet been fully reflected in the share price. The higher target is drawing attention as a brokerage opinion that could affect market views and investor sentiment. Source: mk.co.kr

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