Goldman Sachs Downgrades AU Optronics (AUO) to Neutral
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Price: $2.46 --0%
Rating Summary:
4 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
4 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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Goldman Sachs downgraded AU Optronics (NYSE: AUO) from Buy to Neutral.
Goldman expects capex at Taiwan panel makers AU Optronics and CMI to decline 9%/11% in 2011/2012, with capacity growth of 13%/6%, respectively. Goldman expects both to turn to losses in 2011/2012, due to high break-even utilization rates.
For more ratings news on AU Optronics click here and for the rating history of AU Optronics click here.
Shares of AU Optronics closed at $6.88 yesterday.
Goldman expects capex at Taiwan panel makers AU Optronics and CMI to decline 9%/11% in 2011/2012, with capacity growth of 13%/6%, respectively. Goldman expects both to turn to losses in 2011/2012, due to high break-even utilization rates.
For more ratings news on AU Optronics click here and for the rating history of AU Optronics click here.
Shares of AU Optronics closed at $6.88 yesterday.
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