Universal Display (OLED) PT Raised to $150 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the price target on Universal Display (NASDAQ: OLED) to $150.00 (from $130.00) while maintaining a Negative rating.

The analyst commented, "Updating 2019-2020 estimates, and introducing 2021 GAAP/Cash EPS of $5.44/$5.82. All in all, we expect 2020 guide to come below consensus expectations as the majority of the 600m of RGB OLED displays are manufactured at Samsung (helping with a more efficient consumption of Emitter material), while WOLED TV growth recently down ticked and Blue is not contributing to revenues until 2022, at the earliest."

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