Deutsche Bank Starts Universal Display (PANL) at Buy, $45 Price Target
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Price: $29.13 -6.45%
Rating Summary:
9 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
9 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
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Deutsche Bank initiates coverage on Universal Display (NASDAQ: PANL) with a Buy. PT $45.00.
The firm comments, "PANL's business model of licensing technology and sole source of phosphorescent emitters (red, green) provides a unique competitive advantage. Moreover, we believe the shares are undervalued and see good price catalysts including signing up more customers for long-term agreements (namely LG), continued penetration of OLED displays into devices (handsets, tablets, tvs), the discovery/commercial production of blue phosphorescent emitters and long term penetration in the OLED lighting industry."
OLED material manufacturers will benefit the most as large players such as Samsung and LG continue to invest in OLEDs, the firm said. Also, the materials layer represents only a small portion of total OLED display costs and so the risk of pricing pressure in the near term is low, they 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 $31.11 yesterday, with a 52 week range of $22.73-$60.28.
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The firm comments, "PANL's business model of licensing technology and sole source of phosphorescent emitters (red, green) provides a unique competitive advantage. Moreover, we believe the shares are undervalued and see good price catalysts including signing up more customers for long-term agreements (namely LG), continued penetration of OLED displays into devices (handsets, tablets, tvs), the discovery/commercial production of blue phosphorescent emitters and long term penetration in the OLED lighting industry."
OLED material manufacturers will benefit the most as large players such as Samsung and LG continue to invest in OLEDs, the firm said. Also, the materials layer represents only a small portion of total OLED display costs and so the risk of pricing pressure in the near term is low, they 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 $31.11 yesterday, with a 52 week range of $22.73-$60.28.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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