SK Hynix (NASDAQ:SKHY) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Memory Stocks Slide as Rates and Oil Swamp JPMorgan's Overweight Call: SK Hynix Sinks 5%, Western Digital Drops 3%, Micron Slips

JPMorgan just slapped an Overweight rating on SK Hynix with a price target well above current levels, yet the stock is sinking anyway as surging Treasury yields and triple-digit oil prices gut the bull case in real time.

SK hynix (NASDAQ:SKHY) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on SK hynix in a research note on Thursday. They issued an "overweight" rating and a $245.00 price objective on the stock.

Memory Stocks Slide as Rates and Oil Swamp JPMorgan’s Overweight Call: SK Hynix Sinks 5%, Western Digital Drops 3%, Micron Slips

The post Memory Stocks Slide as Rates and Oil Swamp JPMorgan’s Overweight Call: SK Hynix Sinks 5%, Western Digital Drops 3%, Micron Slips appeared first on 24/7 Wall St.. Shares of SK Hynix (NASDAQ:SKHY) are down 5% to $189.47 early Thursday, leading a memory-chip selloff even after JPMorgan…

JPMorgan initiates SK Hynix at Overweight with $245 price target

JPMorgan initiates SK Hynix coverage with Overweight rating and $245 price target, citing 34% EPS growth driven by a multi-year AI memory