SK Telecom is trading 4.1% up at $33.57 following an upgrade from Meritz Securities, which highlighted a constructive outlook for earnings recovery and dividend normalization.
- Meritz Securities raised its rating to Buy and lifted its target price, citing improving wireless performance and rising 5G penetration.
- The upgrade is further supported by AI data center growth and a higher valuation for Anthropic, which analysts believe will support attractive dividends and ongoing pre-market strength.