SK Hynix Price Target Raised to 3 Million Won as KB Securities Joins

KB Securities raised its price target for SK Hynix to 3 million won on the 15th. The move follows SK Securities, which had already presented the same target level, drawing market attention to SK Hynix’s earnings outlook. KB Securities said SK Hynix’s operating profit for the second quarter of this year is expected to exceed market estimates by 13%. The upgrade is viewed as reflecting near-term earnings expectations in the target price. However, the key points presented in the article are limited to the second-quarter operating profit forecast and the price target adjustment. Source: mk.co.kr