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Investment analysts at Standpoint Research initiated coverage on shares of iShares MSCI South Korea Index Fund (NYSE:EWY) in a note issued to investors on Monday. The firm set a “buy” rating and a $78.00 price target on the stock. Standpoint Research’s price target points to a potential upside of 20.06% from the company’s current price.

iShares MSCI South Korea Index Fund (NYSE:EWY) traded up 0.19% during mid-day trading on Monday, hitting $65.095. 113,475 shares of the company’s stock traded hands. iShares MSCI South Korea Index Fund has a 1-year low of $51.37 and a 1-year high of $66.07. The stock’s 50-day moving average is $64.67 and its 200-day moving average is $62.05.

iShares MSCI South Korea Index Fund (NYSE:EWY) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the South Korean market, as measured by the MSCI Korea Index (the Index).

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