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

October 11, 2016 12:31 PM EDT
Get Alerts OLED Hot Sheet
Price: $49.59 -1.67%

Rating Summary:
    7 Buy, 6 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
Trade OLED Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Trader Talk

Related Entities

Cowen & Co

Add Your Comment