Canaccord Genuity Maintains a 'Hold' on Universal Display (PANL); Assume Volatile Q1 Report
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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 $36.00.
Analyst, Jonathan Dorsheimer, said, "We believe UDC management intends to provide color around the 2012 Samsung payment, which is likely to provide volatility heading into Lightfair and SID's Display Week, which we would have expected to positively catalyze PANL shares...Expectations range from $20M to $40M, highlighting the unknown nature of this deal. We forecast $30M in 2012 for Samsung License agreement, which is based on a 75bps royalty rate on what we believe is the transfer cost of the panel."
"We maintain our rating on PANL shares on valuation heading into what we suspect will be a volatile Q1 report."
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 $40.65 yesterday.
Analyst, Jonathan Dorsheimer, said, "We believe UDC management intends to provide color around the 2012 Samsung payment, which is likely to provide volatility heading into Lightfair and SID's Display Week, which we would have expected to positively catalyze PANL shares...Expectations range from $20M to $40M, highlighting the unknown nature of this deal. We forecast $30M in 2012 for Samsung License agreement, which is based on a 75bps royalty rate on what we believe is the transfer cost of the panel."
"We maintain our rating on PANL shares on valuation heading into what we suspect will be a volatile Q1 report."
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 $40.65 yesterday.
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