Canaccord Genuity Maintains a 'Hold' on Universal Display (PANL); Uncertainty Lies Within

Canaccord Genuity maintains a 'Hold' on Universal Display (NASDAQ: PANL) price target of $30.00.

Analyst, Jonathan Dorsheimer, said, "Over the weekend a jury awarded Apple (Nasdaq: AAPL) $1.05 billion after ruling Samsung infringed six of seven Apple patents. Judge Koh could triple the damages if she rules "willful" infringement by Samsung. Judge Koh scheduled a hearing on September 20 to consider a ban on U.S. sales of Samsung devices including its Galaxy 10.1 tablet and smartphones...We still do not see any near-term indications of Apple utilizing OLED displays, although this remains largely a capacity issue...Given the uncertainties above as well as IP litigation and the timing/market share of green materials, we cannot become more constructive on the shares until these risks are discounted."

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 $42.73 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Enphase Energy (ENPH) PT Lowered to $130 at Canaccord Genuity
• Apple's June guidance will miss Street estimates - Barclays
• BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'