UPDATE: Himax Technologies (HIMX): Cutting Estimates on Delays - Baird

(Updated - December 1, 2016 6:41 AM EST)

Baird analyst, Tristan Gerra, lowered estimates but reiterated his Outperform rating on shares of Himax Technologies (NASDAQ: HIMX) after coming to the conclusion that unit momentum for AR devices industry-wide may not pan out until after 2017, due to high component costs, technology limitations, and a still-nascent ecosystem. Gerra said the longer-term outlook for AR devices remain very promising.

No change to the price target of $10. FY 2017 EPS goes from $0.50 to $0.40 and FY 2018 EPS goes from $0.75 to $0.60.

For an analyst ratings summary and ratings history on Himax Technologies click here. For more ratings news on Himax Technologies click here.

Shares of Himax Technologies closed at $7.37 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Northwest Bancshares, Inc. (NWBI) PT Lowered to $10 at Piper Sandler
• Adriatic Metals PLC (ADT1:LN) PT Raised to GBP2.75 at Stifel
• CFRA Upgrades Taylor Wimpey Plc. (TW/:LN) (TWODF) to Buy