SK Innovation Co Ltd Stock (KR7096770003): Nomura Raises Rating After Price Target Increase

SK Innovation drew fresh analyst attention on June 12, 2026 after Nomura lifted its rating to Neutral from Reduce and increased its target price to 118,000 won from 90,000 won.

Responsible: ad hoc news Stocks & Analysis Desk. Reviewed prior to publication on June 12, 2026 at 6:23 PM ET. Details in the imprint.

SK Innovation Co Ltd is in focus on Friday after Nomura raised its view on the Korean refiner to Neutral from Reduce and increased the price target to 118,000 won from 90,000 won, according to Marketscreener and StreetInsider. Marketscreener also showed the stock at 103,200 won at the June 11, 2026 close, down 0.48% on the day, with a year-to-date gain of 1.98%.

What changed in the latest analyst call

The upgrade matters because it shifts the tone from outright bearish to more balanced, even though Nomura still sits below the more constructive side of the Street. Marketscreener listed a median target of 136,714.29 won for the name, which leaves the newly raised 118,000 won target below the broader consensus level.

SK Innovation's own IR stock page identifies the company as common stock 096770 and showed a June 11, 2026 change of minus 500 won, or minus 0.48%, with an open at 101,200 won, a high of 103,700 won and a low of 99,500 won. That keeps the latest analyst call tied to a stock that was already trading near the upper end of its intraday range, rather than after a major price shock.

Nomura's move is also notable because it comes from a firm that had previously been more cautious on the name, and the target increase was large in percentage terms even if the absolute level still sits close to the recent share price. For US readers, the relevant point is not a Wall Street-style earnings surprise but a faster-resetting view on valuation and business risk in a cyclical energy stock.

SK Innovation is a Korea-based company primarily engaged in petroleum products, and Marketscreener categorizes it in oil and gas refining and marketing. That backdrop matters when analysts adjust targets, because margin expectations, crude-price trends and refining spreads can move sentiment faster than company-specific headlines alone.

For now, the stock is being judged through a valuation lens rather than a fresh earnings print or a corporate action. Investors watching SK Innovation will likely focus on whether more brokers follow Nomura toward a less negative stance or keep the name anchored below consensus targets.

SK Innovation stock at a glance

• Name: SK Innovation
• Industry: Oil and gas refining and marketing
• Headquarters: Seoul, South Korea
• Core markets: South Korea and other energy-related markets
• Revenue drivers: Petroleum products, refining operations, energy-related businesses
• Listing: Korea Exchange (KRX), ticker 096770
• Trading currency: Korean won

This article was created with a.i. assistance and editorially reviewed. Not investment advice, not a buy or sell recommendation. Trading in securities carries risks up to the total loss of capital.