Topeka Capital Upgrades AU Optronics (AUO) to Buy

April 30, 2013 8:16 AM EDT Send to a Friend
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Price: $4.88 +5.17%

Rating Summary:
    8 Buy, 5 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 8 | New: 32
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Topeka Capital upgraded AU Optronics (NYSE: AUO) from Hold to Buy with a price target of $6.00. The upgrade follows Q1 results.

Analyst Brian White said, "Trading at 0.75x tangible book value but starting to show a path to improved profitability that should increase tangible book value, we are upgrading our rating on AU Optronics to Buy from Hold with a price target of nearly 1x current tangible book value or $6.00."

For an analyst ratings summary and ratings history on AU Optronics click here. For more ratings news on AU Optronics click here.

Shares of AU Optronics closed at $4.59 yesterday.


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