SK Hynix Target Price Raised to 3 Million Won by KB Securities After SK Securities
Published: · Source: mk.co.kr
Key points
- KB Securities raised its target price for SK Hynix to 3 million won on the 15th, following SK Securities, citing expectations that Q2 operating profit will beat market estimates by 13%.
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KB Securities on the 15th raised its target price for SK Hynix to 3 million won. The move follows SK Securities, which had also presented the same target price, marking another brokerage call at the 3 million won level. KB Securities said SK Hynix’s operating profit for the second quarter of this year is expected to exceed market expectations by 13%. The revision indicates that brokerages are viewing SK Hynix’s near-term earnings trend positively. However, the key facts confirmed in the source are limited to the target price increase and the expectation that second-quarter operating profit may come in above consensus. Source: mk.co.kr
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