Galaxy S4 Launch Positive for Universal Display (PANL)

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Deutsche Bank today maintained a Buy rating on Universal Display (NASDAQ: PANL) and raised its price target to $35.00 (from $32.00).

"We believe 2013 outlook is conservative and expect successful launch of Galaxy S4 (primary driver of green material sales) along with new license agreements with customers such as LG, AUO and OLED TV sales to act as the next set of catalyst for shares," said a Deutsche Bank analyst.

For an analyst ratings summary and ratings history on Universal Display (NASDAQ: PANL) click here. For more ratings news on Universal Display click here.

Shares of Universal Display closed at $27.90 yesterday, with a 52 week range of $21.55-$46.27.

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