SK hynix Tops 1.2 Million Won as Brokerages Raise Target Prices One After Another [Stock Spotlight]

[Financial News] SK hynix Inc. hit a new all-time high, rising more than 3% on expectations for strong earnings.
As of 9:28 a.m. on the 21st, SK hynix Inc. was trading at 1,212,000 won on the KOSPI Market, up 3.95% from the previous session.
Securities firms said investor sentiment was running high ahead of SK hynix Inc.'s earnings release later in the day. Research centers also raised their target prices one after another.
Jongwook Lee, an analyst at Samsung Securities Co., Ltd., said of SK hynix Inc., "Operating profit in the first quarter of this year is projected at 40 trillion won, and full-year operating profit is expected to reach 205 trillion won." He raised his target price from 1.3 million won to 1.8 million won. KB Securities also lifted its target price from 1.7 million won to 1.9 million won. Meritz Securities, Sangsangin Investment & Securities Co., Ltd., and IBK Securities Co., Ltd. also followed with target price hikes.
khj91@fnnews.com Kim Hyun-jung Reporter