BNK Securities Sets SK Hynix Price Target at 1.85M Korean Won Last Week

SK Hynix-15.36%
According to BNK Securities, the brokerage set SK Hynix share price target to 1.85 million Korean won last week, implying a sharp decline from the current 2.2 million won. The downgrade follows Morgan Stanley's recommendation to reduce exposure to memory chip stocks amid concerns of peak demand.
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