Business · Markets · 2 hrs ago
Meritz raises SK Innovation target price on refining outlook
Meritz Securities expects SK Innovation to post solid third-quarter results as its refining and lubricant businesses benefit from prolonged geopolitical risks.
The brokerage kept its buy rating and raised its target price from 180,000 to 210,000 won.
SK Innovation closed at 156,800 won in the previous trading session.
Meritz said prolonged geopolitical risks are supporting its non-battery businesses, including refining and lubricants.
The forecast matters because those businesses are expected to help the company deliver a good quarter.
The third-quarter results are still a forecast, and no results or next steps are stated.
Meritz Securities raised its target price for SK Innovation from 180,000 won to 210,000 won.
The brokerage maintained its BUY recommendation.
It expects the company to post solid third-quarter results, supported by strength in refining and lubricants.
Meritz attributed the outlook to prolonged geopolitical risks and oil supply shortages.
SK Innovation closed at 156,800 won in the previous trading session.
- Who
- Meritz Securities raised its target price for SK Innovation.
- What
- It raised the target price to 210,000 won and maintained its BUY recommendation.
- When
- The report was published on October 13, 2026.
- Where
- Not stated
- Why
- Meritz expects prolonged geopolitical risks and oil supply shortages to support the refining and lubricants businesses.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- New target price
- 210,000 won
- Previous target price
- 180,000 won
- Recommendation
- BUY, maintained
- Previous-session close
- 156,800 won
- Expected result
- Solid third-quarter results
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What people are saying
Non-battery businesses are enjoying a boom due to geopolitical risks