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Korean memory stocks are seeing aggressive target hikes
NH Investment & Securities raised its target for Samsung Electronics (005930.KS) to 490,000 won, from 310,000 won, citing stronger memory conditions and improving foundry / System LSI expectations
SK Securities raised its targets for Samsung Electronics (005930.KS) to 500,000 won and SK Hynix (000660.KS) to 3 million won, arguing that both stocks remain undervalued after restoring prior target P/E assumptions
Nomura also reportedly raised its target for Samsung Electronics (005930.KS) by 74% to 590,000 won, and its target for SK Hynix (000660.KS) by 71% to 4 million won