UPDATE - Canaccord Genuity downgraded Universal Display (PANL) to Hold on fair Valuation; Long-Term Opportunities Remain
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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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UPDATE - Canaccord Genuity downgraded Universal Display (NASDAQ: PANL) from Buy to Hold. PT from $42 to $54.
Canaccord analyst, Jonathan Dorsheimer, says, "We are downgrading PANL shares to HOLD as we believe that shares fairly value the risk/reward of near-term pushouts and contract negotiations versus the longer-term secular OLED trend."
"We believe that delays at Samsung’s Gen5.5 fab push out the opportunity by nine months to a year, changing our near-term forecasts. Investors are focused more on the longer-term opportunity toward 2015 than near-term push-outs, and we believe that opportunity has not changed."
To see all upgrades/downgrades on shares of PANL, visit our Analyst Ratings page.
Canaccord analyst, Jonathan Dorsheimer, says, "We are downgrading PANL shares to HOLD as we believe that shares fairly value the risk/reward of near-term pushouts and contract negotiations versus the longer-term secular OLED trend."
"We believe that delays at Samsung’s Gen5.5 fab push out the opportunity by nine months to a year, changing our near-term forecasts. Investors are focused more on the longer-term opportunity toward 2015 than near-term push-outs, and we believe that opportunity has not changed."
To see all upgrades/downgrades on shares of PANL, visit our Analyst Ratings page.
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