Buy Universal Display (OLED) on Samsung Related Weakness - Cowen

October 11, 2016 12:31 PM EDT
Get Alerts OLED Hot Sheet
Price: $58.20 +0.52%

Rating Summary:
    7 Buy, 6 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Cowen analyst Robert Stone defended Universal Display (NASDAQ: OLED) with shares weaker after Samsung ending Note 7 production.

"While this may reduce Samsung short-term emitter purchases, we expect continued share gains vs. LCD," Stone said. "Many other Samsung devices use AMOLED displays, other external customers have been supply constrained, and the Q4:16 license payment is fixed."

The analyst recommend investors buy on weakness.

The firm reiterated an Outperform rating and price target of $75 on OLED.

For an analyst ratings summary and ratings history on Universal Display click here. For more ratings news on Universal Display click here.

Shares of Universal Display closed at $53.25 yesterday.

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