SK Hynix Stock Rises While Bernstein Cuts Target

Bernstein lowered its price target on SK Hynix NASDAQ:SKHY, the South Korean memory chipmaker, to 2.7 million won from 3.3 million won while keeping an Outperform rating, citing more conservative assumptions on the progress and pricing of high-bandwidth memory. SK Hynix's U.S.-listed shares were up…