Canaccord Genuity Maintains a 'Hold' on Universal Display (PANL); No Changes Post Korea Meetings
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Price: $7.90 +1.02%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Hold' on Universal Display (NASDAQ: PANL) price target of $48.00.
Canaccord analyst, Jonathan Dorsheimer, said, "We had the opportunity to meet with LG’s technical team, and body language would suggest that resigning a new license or royalty is not imminent. While a new long-term agreement is baked into our estimates, the announcement of such an agreement is a likely positive catalyst for UDC’s stock, which exhibits strong spells of momentum trading...Unfortunately we were not able to glean any additional details on the terms of the recently-signed Samsung license."
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 $51.64 yesterday.
Canaccord analyst, Jonathan Dorsheimer, said, "We had the opportunity to meet with LG’s technical team, and body language would suggest that resigning a new license or royalty is not imminent. While a new long-term agreement is baked into our estimates, the announcement of such an agreement is a likely positive catalyst for UDC’s stock, which exhibits strong spells of momentum trading...Unfortunately we were not able to glean any additional details on the terms of the recently-signed Samsung license."
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 $51.64 yesterday.
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