The initiation signals a bullish view on the chipmaker, with Bank of America Global Research assigning a 250-dollar price target in the call cited by Jin10.
Bank of America Global Research has initiated coverage on SK Hynix (SKHY.O) with a buy rating and a $250 price target, according to Jin10. The move marks a positive opening view from the research unit on the semiconductor maker and gives investors a clear benchmark for how the firm values the stock.