Goldman Sachs Starts Universal Display (PANL) at Buy

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Goldman Sachs initiates coverage on Universal Display (NASDAQ: PANL) with a Buy and $68 price target, suggesting 29% upside.

The firm is calling PANL their best OLED buy idea.

"As the new LED, the OLED market is entering its first adoption cycle, where we see Universal’s IPcentric model resulting in a dominant technology advantage and high returns," the firm said.

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 $50.98 yesterday, with a 52 week range of $21.51-$63.58.

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