Morgan Stanley analysts have adjusted their price target for SK Hynix Inc. after previously downgrading the stock. This adjustment was prompted by the bank's sale order of the chipmaker's shares, which drew the attention of South Korea's market regulator.

In a recent note, analysts Shawn Kim and Duan Liu admitted that their previous assessment of Hynix stock was incorrect in the short term, but they still believe that the memory cycle peak will remain the same. Despite other analysts raising their price targets after SK Hynix reported strong quarterly results, Morgan Stanley has maintained an underweight rating on the shares. This decision reflects a cautious approach due to the ongoing fluctuations in the semiconductor market.