Weekly Recap: Shareholder protection review and Bernstein price-target cut
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SK hynix is reviewing shareholder protection measures amidst rumors of a Solidigm US IPO, while Bernstein has cut its ADR price target for SK hynix due to concerns over weaker HBM pricing and supply issues. Despite these concerns, conventional memory prices are expected to firm up later in the year. The company's shares rose intraday after the announcement.
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