Q2 earnings woes pull down target prices for refineries
Flow chart
Seoul - Yonhap
Jitters over second-quarter earnings hurt by the strengthened local currency led analysts to downgrade the target prices of local refineries and autoamkers, data showed Sunday.
According to private financial information provider FnGuide, nine brokerage houses including Mirae Asset Securities Co. lowered their target prices of SK Innovation Co., the owner of the country's top refiner SK Energy Co., citing the stronger Korean won that hurt its second-quarter earnings.
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