Gabelli Sees Recent Pullback in Universal Display (PANL) A 'Buying Opportunity'
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Price: $8.14 +3.04%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Gabelli analyst sees recent pullback in Universal Display (NASDAQ: PANL) a buying opportunity.
Gabelli analyst said, "Universal Display, headquartered in Ewing, New Jersey, owns several patents for organic LEDs (OLEDs) and produces the phosphorescent materials used in production of advanced OLED displays. According to several press articles, Samsung Mobile Display (SMD) is experiencing equipment delays for its Gen 5.5 OLED investment due to the recent events in Japan... We view the recent weaknesses in Universal Display shares as a buying opportunity. We continue to recommend purchase for long term investors."
"Our industry contacts confirmed that Universal Display is the single supplier of red emitter materials to SMD. We have not identified any other potential suppliers."
For more ratings news on Universal Display click here and for the rating history of Universal Display click here.
Shares of Universal Display closed at $49.28 yesterday.
Gabelli analyst said, "Universal Display, headquartered in Ewing, New Jersey, owns several patents for organic LEDs (OLEDs) and produces the phosphorescent materials used in production of advanced OLED displays. According to several press articles, Samsung Mobile Display (SMD) is experiencing equipment delays for its Gen 5.5 OLED investment due to the recent events in Japan... We view the recent weaknesses in Universal Display shares as a buying opportunity. We continue to recommend purchase for long term investors."
"Our industry contacts confirmed that Universal Display is the single supplier of red emitter materials to SMD. We have not identified any other potential suppliers."
For more ratings news on Universal Display click here and for the rating history of Universal Display click here.
Shares of Universal Display closed at $49.28 yesterday.
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